IFCAMSC - IFCAMSC-Unusual Market Activity ("UMA") query by Bursa Securities
| Company Name | IFCA MSC BERHAD (ACE Market) |
| Stock Name | IFCAMSC |
| Date Announced | 25 Aug 2014 |
| Category | Listing Circular |
| Reference No | YL-140825-61540 |
LISTING'S CIRCULAR NO. L/Q : 71320 OF 2014
Bursa Malaysia Securities Berhad has on 25 August 2014 issued an UMA query on the recent rise in price and volume of IFCAMSC's shares.
In this respect, investors are advised to take note of the Company’s reply to the above UMA query which will be posted at Bursa Malaysia’s website under the company announcements, http://announcements.bursamalaysia.com when making their investment decision.
The contents of the UMA query is as follows:-
We draw your attention to the recent rise in price and volume of your Company's shares ("trading activity").
In light of the above and in order for investors to be able to make informed investment decisions, you are requested to respond, after making due enquiry with your directors, major shareholders and such other relevant persons, to the following queries immediately for public release in accordance with Rule 9.11 of ACE Market Listing Requirements ("LR"):-
1. whether there is any corporate development relating to your Group’s business and affairs that has not been previously announced that may account for the trading activity including those in the stage of negotiation/discussion. If yes, kindly provide the details including status of the corporate development to enable investors to make informed investment decision;
2. whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity and in this respect, you are required to comply with Rules 9.09 and 9.10 of the LR;
3. whether you are aware of any other possible explanation to account for the trading activity; and
4. whether you are in compliance with the LR, in particular Rule 9.03 of the LR on immediate disclosure obligations.
Please note that the contents of the announcement must be endorsed by the Board of Directors of the Company and the announcement must reach Bursa Securities immediately via Bursa LINK.
MMSV - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD
| Company Name | MMS VENTURES BERHAD (ACE Market) |
| Stock Name | MMSV |
| Date Announced | 25 Aug 2014 |
| Category | General Announcement |
| Reference No | CC-140825-62531 |
| Type | Announcement | ||||||||||
| Subject | DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD | ||||||||||
| Description | MMS Ventures Berhad ("MMSV" or "the Company") Notice on Dealings in Securities During Closed Period | ||||||||||
Pursuant to Rule 14.08 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the following director of MMSV has dealt in the securities of the Company during closed period, as set out in the table below. Name of Director : Tan Hock Hin
This announcement is dated 25 August 2014. | |||||||||||
MMSV - Changes in Director's Interest (S135) - Tan Hock Hin
| Company Name | MMS VENTURES BERHAD (ACE Market) |
| Stock Name | MMSV |
| Date Announced | 25 Aug 2014 |
| Category | Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965 |
| Reference No | CC-140825-61568 |
Information Compiled By KLSE
Particulars of Director
| Name | Tan Hock Hin |
| Address | No. 3 Lorong Abbas Dua 11200 Tanjong Bungah Pulau Pinang |
| 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 | 51,600 |
| Circumstances by reason of which change has occurred | Off Market Acquisition |
| Nature of interest | Direct Interest |
| Consideration (if any) |
Total no of securities after change | |
| Direct (units) | 1,951,600 |
| Direct (%) | 1.2 |
| Indirect/deemed interest (units) | |
| Indirect/deemed interest (%) | |
| Date of notice | 25/08/2014 |
TURIYA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):RECURRENT RELATED PARTY TRANSACTIONS
| Company Name | TURIYA BERHAD |
| Stock Name | TURIYA |
| Date Announced | 25 Aug 2014 |
| Category | General Announcement |
| Reference No | TT-140825-B69D5 |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS (“RRPT”) OF A REVENUE NATURE |
Pursuant to Paragraph 10.09 (1)(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Main LR"), the Board of Directors of Turiya Berhad ("Turiya" or the "Company") wishes to announce that in the ordinary course of transaction, the Company has entered into a Recurrent Related Party Transaction (“RRPT”) and the collective consideration of the RRPT has exceeded the percentage ratio of 1% for the period from 1 July 2013 to 30 June 2014 as per attachment below. | |
TURIYA - MATERIAL LITIGATION
| Company Name | TURIYA BERHAD |
| Stock Name | TURIYA |
| Date Announced | 25 Aug 2014 |
| Category | General Announcement |
| Reference No | TT-140825-59628 |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | TURIYA BERHAD – STATEMENT OF CLAIM BY ICONIC GLOBAL LTD, A 75% OWNED SUBSIDIARY OF THE COMPANY AGAINST THE FORMER DIRECTORS AND THE EXTERNAL AUDITORS |
The Board of Directors of Turiya Berhad wishes to announce that ICONIC GLOBAL LTD.(“IGL”), a 75% owned Singapore subsidiary of the Company had on 14 July 2014 filed an amended Statement of Claim in the High Court of the Republic of Singapore against the following seven (7) Defendants: Former Directors (Breach of fiduciary duties) 1) 1) Lim Seck Yeow (1st Defendant) 2) 2) Meng Qingzhu (2nd Defendant) 3) 3) Lim Sek Hui (3rd Defendant) 4) 4) Lim Siak Khee (4th Defendant) 5) 5) Zhang ChengBin (5th Defendant) Auditors (for professional negligence)6) 6) Deloitte & Touche LLP (6th Defendant) 7) 7) Aric Loh Siang Khee (7th Defendant) IGL sought to claim: 1) 1) Against the 1st , 2nd and 3rd Defendants (a) An account of all monies paid to them or received by them as performance bonuses. (b) An order that all such sums found due to be paid to IGL. 2) 2) Against the 1st to 5th Defendants The sums of SGD5,607,000.00 and SGD10,565,000.00 3) 3) Against the 6th and 7th Defendants (a) The sums of RMB46 million and SGD264,000.00 (b) An enquiry into such sums may be found due in relation to performance bonuses wrongly paid to 1st, 2nd and 3rd Defendants. 4) 4) Against all the Defendants (a) Further and/or alternatively, damages to be assessed; (b) Interest pursuant to the Civil Law Act on such sums and for such period as the Court deems fit; and (c) Costs. Subsequently, the 6th Defendant had filed a counter-claim on 11 August 2014 in High Court of Republic of Singapore for the sum of SGD33,075.00, alternatively, damages to be assessed, interest and cost. The High Court of Republic of Singapore has fixed 25 November 2014 to 12 December 2014 for trial. IGL had on 17 December 2012 successfully obtained a Default Judgement against the 2nd Defendant for the sum of SGD28,085,596.72. The Company will announce further developments on the above matter in due course. This announcement is dated 25 August 2014.
| |
AYS - Quarterly rpt on consolidated results for the financial period ended 30/6/2014
| Company Name | AYS VENTURES BERHAD |
| Stock Name | AYS |
| Date Announced | 25 Aug 2014 |
| Category | Financial Results |
| Reference No | CA-140822-5E9FE |
| Financial Year End | 31/03/2015 |
| Quarter | 1 |
| Quarterly report for the financial period ended | 30/06/2014 |
| The figures | have not been audited |
- Default Currency
- Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION30/06/2014 |
INDIVIDUAL PERIOD | CUMULATIVE PERIOD | ||||
CURRENT YEAR QUARTER | PRECEDING YEAR CORRESPONDING QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR CORRESPONDING PERIOD | ||
$$'000 | $$'000 | $$'000 | $$'000 | ||
| 1 | Revenue | 138,426 | 191,860 | 138,426 | 191,860 |
| 2 | Profit/(loss) before tax | 2,115 | 7,258 | 2,115 | 7,258 |
| 3 | Profit/(loss) for the period | 1,253 | 4,741 | 1,253 | 4,741 |
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 1,239 | 4,727 | 1,239 | 4,727 |
| 5 | Basic earnings/(loss) per share (Subunit) | 0.33 | 1.24 | 0.33 | 1.24 |
| 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | ||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.5500 | 0.5500 | ||
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
OLDTOWN - Notice of Shares Buy Back - Immediate Announcement
| Company Name | OLDTOWN BERHAD |
| Stock Name | OLDTOWN |
| Date Announced | 25 Aug 2014 |
| Category | Notice of Shares Buy Back - Immediate Announcement |
| Reference No | CK-140825-6D8F5 |
NCB - Interim Dividend
| Company Name | NCB HOLDINGS BERHAD |
| Stock Name | NCB |
| Date Announced | 25 Aug 2014 |
| Category | Entitlements (Notice of Book Closure) |
| Reference No | NH-140825-61435 |
ENCORP - Change in Boardroom
| Company Name | ENCORP BERHAD |
| Stock Name | ENCORP |
| Date Announced | 25 Aug 2014 |
| Category | Change in Boardroom |
| Reference No | EB-140731-51148 |
| Date of change | 25/08/2014 |
| Name | Abdul Rahim Bin Abdul Hamid |
| Age | 64 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Non-Executive Director |
| Directorate | Independent & Non Executive |
| Qualifications | Encik Abdul Rahim Bin Abdul Hamid was admitted as an Associate Member of the Association of Chartered Certified Accountants in 1975; as a Fellow Member of the Association of Chartered Certified Accountants in 1980; as a Member of the Malaysian Institute of Certified Public Accountants in 1982. He registered as a Member of the Malaysian Institute of Accountants in 1982. |
| Working experience and occupation | Encik Abdul Rahim Bin Abdul Hamid started his career with Coopers & Lybrand in September 1971; and moved up quickly when he was made Audit Supervisor in 1973, Audit Manager in 1976, a Director in 1981 and admitted as a Partner in 1982. As a Partner in Coopers & Lybrand, he specialised in Computer Auditing (1982-1986), developed the Sabah & Sarawak Practice (1986-1990), managed the Firm's Management Consultancy Practice (1990-1992). He assumed the position of Managing Partner and Chief Executive in 1993. Upon the firm merging with Price Waterhouse in 1998, he assumed the position of Deputy Executive Chairman of PricewaterhouseCoopers until he retired in 2004. During the career span of 33 years he was involved in Auditing, Management Consulting and Insolvency Services covering a cross section of industries including Retail, Manufacturing, Construction, Plantation, Entertainment and Banking. Upon his retirement in 2004 he established Rahim Hamid & Co, now renamed ARH Associates providing Professional Services in Mergers & Acquisition, Insolvency & Recovery and Muamalat Business Advisory. In the Education Sector, he is an Adjunct Professor at Universiti Malaysia Trengganu, a member of the Senate at Open University Malaysia and has advisory roles in several other universities including UNITEN, UKM and UPM. He served as the President of The Malaysian Institute of Accountants for 2 terms; 2005-2007 and 2009-2011 and as the President of the ASEAN Federation of Accountants - 2010-2011. In November 2010, he presided over the 18th World Congress of Accountants, a once-in-four-years event which Malaysia hosted for the first time; with a record participation of over 6000 delegates from 134 countries. |
| Directorship of public companies (if any) | 1. AEON Co (M) Berhad 2. Malaysia Debt Ventures Berhad 3. Malaysia Venture Capital Management Berhad 4. MIDF Amanah Asset Management Berhad 5. Petra Energy Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Remarks : |
| Gender - Male |
ENCORP - Change in Audit Committee
| Company Name | ENCORP BERHAD |
| Stock Name | ENCORP |
| Date Announced | 25 Aug 2014 |
| Category | Change in Audit Committee |
| Reference No | EB-140822-66749 |
| Date of change | 25/08/2014 |
| Name | Abdul Rahim Bin Abdul Hamid |
| Age | 64 |
| Nationality | Malaysian |
| Type of change | Appointment |
| Designation | Member of Audit Committee |
| Directorate | Independent & Non Executive |
| Qualifications | Encik Abdul Rahim Bin Abdul Hamid was admitted as an Associate Member of the Association of Chartered Certified Accountants in 1975; as a Fellow Member of the Association of Chartered Certified Accountants in 1980; as a Member of the Malaysian Institute of Certified Public Accountants in 1982. He registered as a Member of the Malaysian Institute of Accountants in 1982. |
| Working experience and occupation | Encik Abdul Rahim Bin Abdul Hamid started his career with Coopers & Lybrand in September 1971; and moved up quickly when he was made Audit Supervisor in 1973, Audit Manager in 1976, a Director in 1981 and admitted as a Partner in 1982. As a Partner in Coopers & Lybrand, he specialised in Computer Auditing (1982-1986), developed the Sabah & Sarawak Practice (1986-1990), managed the Firm's Management Consultancy Practice (1990-1992). He assumed the position of Managing Partner and Chief Executive in 1993. Upon the firm merging with Price Waterhouse in 1998, he assumed the position of Deputy Executive Chairman of PricewaterhouseCoopers until he retired in 2004. During the career span of 33 years he was involved in Auditing, Management Consulting and Insolvency Services covering a cross section of industries including Retail, Manufacturing, Construction, Plantation, Entertainment and Banking. Upon his retirement in 2004 he established Rahim Hamid & Co, now renamed ARH Associates providing Professional Services in Mergers & Acquisition, Insolvency & Recovery and Muamalat Business Advisory. In the Education Sector, he is an Adjunct Professor at Universiti Malaysia Trengganu, a member of the Senate at Open University Malaysia and has advisory roles in several other universities including UNITEN, UKM and UPM. He served as the President of The Malaysian Institute of Accountants for 2 terms; 2005-2007 and 2009-2011 and as the President of the ASEAN Federation of Accountants - 2010-2011. In November 2010, he presided over the 18th World Congress of Accountants, a once-in-four-years event which Malaysia hosted for the first time; with a record participation of over 6000 delegates from 134 countries. |
| Directorship of public companies (if any) | 1. AEON Co (M) Berhad 2. Malaysia Debt Ventures Berhad 3. Malaysia Venture Capital Management Berhad 4. MIDF Amanah Asset Management Berhad 5. Petra Energy Berhad |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil |
| Any conflict of interests that he/she has with the listed issuer | Nil |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Nil |
| Composition of Audit Committee (Name and Directorate of members after change) | (1) Datuk Haji Jaafar Bin Abu Bakar - Chairman (Independent Non-Executive Director) (2) Mohd Zaid Bin Abdul Jalil - Member (Non-Independent Non-Executive Director) (3) Abdul Rahim Bin Abdul Hamid - Member (Independent Non-Exeuctive Director) |
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