July 16, 2014

Company announcements: NETX, MTRONIC, EFORCE, VSOLAR, FBMKLCI-EA, TEBRAU, DRBHCOM, UMCCA

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

Announcement Type: General Announcement
Company NameNETX HOLDINGS BERHAD (ACE Market) 
Stock Name NETX  
Date Announced16 Jul 2014  
CategoryGeneral Announcement
Reference NoCA-140716-5CB58

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionRELATED PARTY TRANSACTION – RECEIPTS OF LEGAL SERVICES PROVIDED BY A RELATED PARTY

NetX Holdings Berhad (formerly known as Ariantec Global Berhad) ("NetX") wishes to announce that its wholly owned subsidiary company, Ariantec Sdn Bhd ("ASB") engaged the services of Messrs Lim Chong Phang & Amy (“Firm”), a legal firm which Mr. Chong Loong Men, an Independent Director of the Company is a partner of the Firm, since the second half of year 2013. The services provided by the Firm are relating to provision of legal advisory and legal works ("Related Party Transactions") relating to legal cases involving ASB (Kuala Lumpur High Court Suit No. 22NCC-674-12/2013), the status announcement of which have been announced by NetX from time to time.

 

 

 

To-date, the total professional fees paid to the Firm in relation to the Related Party Transactions is RM135,000.

 

 

 

This announcement is made in accordance with Paragraph 10.08 of Bursa Securities Malaysia Berhad ACE Market Listing Requirements (“LR”) as the aggregation of the Related Party Transactions under the rule of Paragraph 10.12 of the LR has in total exceeded 0.25% but less than 5% of the percentage ratios specified in the LR.

 

 

 

FINANCIAL EFFECTS

 


The Related Party Transactions do not have any impact on the issued and paid-up capital, and substantial shareholders' shareholdings of NetX.  The Transactions do not have any material impact on the net assets per share, gearing and earnings per share of NetX.

 


APPROVALS REQUIRED

 


The Related Party Transactions do not require the approval of NetX's shareholders nor any government authorities.

 



 

INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO THEM

 

 

 

Save for Mr. Chong Loong Men, a director of NetX and a partner of the Firm, none of the Directors and/or major shareholders and/or persons connected to the Directors and/or the major shareholders of the Company has any interest, direct and indirect, in the Related Party Transactions.

 

 

 

Accordingly, the interested directors, namely, Mr. Chong Loong Men has abstained from deliberation and decision on the resolution in relation to the Related Party Transactions and fees relating to the Related Party Transactions .

 

 

 

STATEMENT BY THE AUDIT COMMITTEE

 

 

 

The Audit Committee of NetX (save for Mr. Chong Loong Men, who abstained from deliberation and decision), after taking into consideration the extend of the work provided and the general market rate on similar services, is of the opinion that the fees relating to Related Party Transactions are fair, reasonable and on normal commercial terms, in the best interest of the Company and not detrimental to the interest of the minority shareholders.

 

 

 

STATEMENTS BY DIRECTORS

 


The Board of Directors of NetX (save for Mr. Chong Loong Men, who abstained from deliberation and decision), after taking into consideration all aspects of the Related Party Transactions, is of the opinion that the fees relating to the Related Party Transactions are fair, reasonable and on normal commercial terms and is in the best interest of the Company and not detrimental to the interest of the minority shareholders.

 

 

 

This announcement is dated 16 July 2014.

 

 

 


NETX - Changes in Sub. S-hldr's Int. (29B) - Metronic Global Berhad

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameNETX HOLDINGS BERHAD (ACE Market) 
Stock Name NETX  
Date Announced16 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-140716-22F17

Particulars of substantial Securities Holder

NameMetronic Global Berhad
AddressNo. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur
NRIC/Passport No/Company No.632068-V
Nationality/Country of incorporationMALAYSIA
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderMetronic Global Berhad
No. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed14/07/2014
9,340,900
 

Circumstances by reason of which change has occurredDisposal of shares through open market
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change93,447,750
Date of notice16/07/2014


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

Announcement Type: General Announcement
Company NameMETRONIC GLOBAL BERHAD  
Stock Name MTRONIC  
Date Announced16 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140716-62B70

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMETRONIC GLOBAL BERHAD ("Metronic")
- DISPOSAL OF QUOTED SECURITIES

Pursuant to Paragraph 9.20 of the Bursa Securities Main Market Listing Requirements, Metronic wishes to announce that as at 14 July 2014, the aggregate value of securities disposed by Metronic from 4 July 2014 to 14 July 2014 amounted to RM2,423,989 which represents 5.49% of Metronic Group’s audited net assets as at 31 December 2013.

As at 14 July 2014, the investments in quoted securities held by Metronic are set out below:-

i) Total Cost : RM11,539,408

ii) Book Value : RM7,855,763

iii) Market Value : RM7,855,763

iv) Profit arising from sales in quoted securities during the current financial year is RM801,281.33.

This announcement is dated 16 July 2014.



EFORCE - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS OUTSIDE CLOSED PERIOD

Announcement Type: General Announcement
Company NameEXCEL FORCE MSC BERHAD  
Stock Name EFORCE  
Date Announced16 Jul 2014  
CategoryGeneral Announcement
Reference NoCC-140714-64639

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09(a) of Chapter 14 of the Listing Requirements of Bursa Malaysia Securities Berhad for Main Market, this is to notify that the Company has received notification from the Directors of the Company, Mr. Wang Kuen-Chung @ Jeff Wang and Ms. Sun Chin-Chuan @ Sharon Sun in relation to their indirect interests on the disposal of the Company's shares by Exacta Co. Ltd. outside the closed period as stated as below:-

1) Date of dealing - 10.7.2014
2) No. of ordinary shares of RM0.10 each disposed - 3,800,000 (indirect interest)
3) % of issued share capital - 1.84
4) Transaction - Disposal via private arrangement
5) Consideration per share - RM0.88

This announcement is dated 16.7.2014.



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

Announcement Type: General Announcement
Company NameVSOLAR GROUP BERHAD (ACE Market) 
Stock Name VSOLAR  
Date Announced16 Jul 2014  
CategoryGeneral Announcement
Reference NoOS-140716-61158

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionVSOLAR GROUP BERHAD (FORMERLY KNOWN AS FAST TRACK SOLUTION HOLDINGS BERHAD) (“VSOLAR” OR “THE COMPANY”)

PRIVATE PLACEMENT OF UP TO 25,624,500 NEW ORDINARY SHARES OF RM0.10 EACH IN FASTRAK TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED (“PRIVATE PLACEMENT”)

Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the earlier announcements.

 

On behalf of the Board of Directors of Vsolar, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that the Company has fixed the issue price at RM0.12 per Placement Share to be issued pursuant to the Private Placement.

 

The aforementioned issue price of RM0.12 per Placement Share represents a discount of approximately RM0.0079 or 6.18% from the five (5)-day weighted average market price of Vsolar from 8 July 2014 to 14 July 2014 of approximately RM0.1279 per share.

 

This announcement is dated 16 July 2014.

 



FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameFTSE BURSA MALAYSIA KLCI ETF  
Stock Name FBMKLCI-EA  
Date Announced16 Jul 2014  
CategoryGeneral Announcement
Reference NoFB-140716-5D822

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 16 July 2014

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.9320
Units in circulation (units): 1,672,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,886.71

Attachments

FBM KLCI etf 20140716.xls
31 KB



TEBRAU - TEBRAU-CHANGE OF NAME

Announcement Type: Listing Circular
Company NameTEBRAU TEGUH BERHAD  
Stock Name TEBRAU  
Date Announced16 Jul 2014  
CategoryListing Circular
Reference NoBL-140714-51315

LISTING'S CIRCULAR NO. L/Q : 71093 OF 2014


    Kindly be advised that the aforesaid Company has changed its name to "Iskandar Waterfront City Berhad". As such, the Company's shares will be traded and quoted under the new name with effect from 9.00 a.m., Friday, 18 July 2014.

    The Stock Short Name will be changed as follow:
    Old Stock Short Name
New Stock Short Name
TEBRAU
IWCITY
    The Company's Stock Number remains unchanged.


DRBHCOM - OTHERS DRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”) PROPOSED DISPOSAL BY UNI.ASIA CAPITAL SDN BHD (“UAC”), A 51%-OWNED SUBSIDIARY OF GADEK (MALAYSIA) BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF DRB-HICOM, OF ITS ENTIRE EQUITY INTEREST IN UNI.ASIA GENERAL INSURANCE BERHAD (“UAG”) OF APPROXIMATELY 68.1% (“PROPOSED DISPOSAL”)

Announcement Type: General Announcement
Company NameDRB-HICOM BERHAD  
Stock Name DRBHCOM  
Date Announced16 Jul 2014  
CategoryGeneral Announcement
Reference NoMM-140716-61759

TypeAnnouncement
SubjectOTHERS
DescriptionDRB-HICOM BERHAD (“DRB-HICOM” OR “COMPANY”)

PROPOSED DISPOSAL BY UNI.ASIA CAPITAL SDN BHD (“UAC”), A 51%-OWNED SUBSIDIARY OF GADEK (MALAYSIA) BERHAD, WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF DRB-HICOM, OF ITS ENTIRE EQUITY INTEREST IN UNI.ASIA GENERAL INSURANCE BERHAD (“UAG”) OF APPROXIMATELY 68.1% (“PROPOSED DISPOSAL”)

We refer to the announcements dated 18 February 2014 and 4 July 2014 in relation to the Proposed Disposal.

On behalf of the Company, CIMB Investment Bank Berhad wishes to announce that following the approval of the Minister of Finance (through the letter dated 3 July 2014 from Bank Negara Malaysia), UAC had on 16 July 2014 entered into a sale and purchase agreement with Liberty Seguros, Compania de Seguros y Reaseguros, S.A. in relation to the Proposed Disposal. The Proposed Disposal was completed on the same day.

The details on the Proposed Disposal are set out in the attachment.

This announcement is dated 16 July 2014.


UMCCA - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management Sdn Bhd

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced16 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoUM-140716-54355

Particulars of substantial Securities Holder

NameAberdeen Asset Management Sdn Bhd
AddressSuite 1005, 10th Floor,
Wisma Hamzah-Kwong Hing,
No. 1, Leboh Ampang
50100 Kuala Lumpur
NRIC/Passport No/Company No.690313-D
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderAMMB Nominees (Tempatan) Sdn Bhd - 1,273,900

Citibank - Berhad - 4,840,000

Citibank - Malaysia - 6,599,800

Malayan Banking Berhad - 864,300

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/07/2014
2,800
 

Circumstances by reason of which change has occurredAn investment position taken in connection with Aberdeen Asset Management Sdn Bhd's ordinary business in fund management
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)2,800 
Indirect/deemed interest (%)0.0013 
Total no of securities after change13,578,000
Date of notice10/07/2014

Remarks :
Received notice on 16 July 2014


UMCCA - Changes in Sub. S-hldr's Int. (29B) - Aberdeen Asset Management PLC and its subsidiaries ("The Group")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced16 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoUM-140716-54599

Particulars of substantial Securities Holder

NameAberdeen Asset Management PLC and its subsidiaries ("The Group")
Address10 Queen's Terrace, Aberdeen, AB10 1YG, Scotland
NRIC/Passport No/Company No.82015
Nationality/Country of incorporationScotland
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderAberdeen Asset Management Asia Limited - 16,050,950
21 Church Street #01-01
Capital Square Two
Singapore 049480

Aberdeen Asset Management Inc. - 702,700
103 Springer Building,
3411 Silverside Road,
Wilmington, Delaware
19810 USA

Aberdeen Asset Management Sdn Bhd - 13,578,000
Suite 1005, 10th Floor,
Wisma Hamzah-Kwong Hing,
No. 1, Leboh Ampang
50100 Kuala Lumpur

Aberdeen Islamic Asset Management Sdn Bhd - 70,200
Suite 1005, 10th Floor,
Wisma Hamzah-Kwong Hing,
No. 1, Leboh Ampang
50100 Kuala Lumpur

Aberdeen International Fund Managers Limited - 11,040,250
Rm 2605-06, 26/F
Alexandra House 18
Chater Road,
Central, Hongkong

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired10/07/2014
2,800
 

Circumstances by reason of which change has occurredAn investment position taken in connection with Aberdeen Asset Management PLC Group's ordinary business in fund management
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)2,800 
Indirect/deemed interest (%)0.0013 
Total no of securities after change29,699,150
Date of notice10/07/2014

Remarks :
Received notice on 16 July 2014


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