August 4, 2014

Company announcements: IRIS, IDEAL, KGB, CIMBA40, CIMBC25, DBHD, HIBISCS, DSONIC, MATRIX, PETDAG

IRIS - OTHERS ARTICLE ENTITLED “RESPONSE TO FocusM ARTICLE ON IRIS’ TIMBER-LOGGING PLAN” ON PAGE 6 OF FOCUS MALAYSIA DATED AUGUST 2-8, 2014 (“Article”)

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced4 Aug 2014  
CategoryGeneral Announcement
Reference NoIC-140804-45966

TypeAnnouncement
SubjectOTHERS
DescriptionARTICLE ENTITLED “RESPONSE TO FocusM ARTICLE ON IRIS’ TIMBER-LOGGING PLAN” ON PAGE 6 OF FOCUS MALAYSIA DATED AUGUST 2-8, 2014 (“Article”)

ARTICLE ENTITLED “RESPONSE TO FocusM ARTICLE ON IRIS’ TIMBER-LOGGING PLAN” ON PAGE 6 OF FOCUS MALAYSIA DATED AUGUST 2-8, 2014 (“Article”)

 

Pursuant to an article on page 6 of Focus Malaysia entitled “RESPONSE TO FocusM ARTICLE ON IRIS’ TIMBER-LOGGING PLAN” Letter to the Editor  and with reference to the Company’s prior announcement dated 30th July 2014,  the Board of Directors of IRIS Corporation Berhad (“the Company”) wishes to respond as follows:-

The Company reiterates that it had entered into the Conditional JV Agreement with Alvery Resources Limited (“Alvery) on 14th April, 2014 (“Agreement”) after having sight of the Memorandum of Agreement (“MOA”) and Power of Attorney (“PA”) between MVMCL and Alvery dated 12th and 11th September 2013 respectively. The Company was advised by its solicitors in Papua New Guinea (“PNG”) that these documents require authentication. The Company adhered to corporate compliance by seeking verification of the documents and was advised that pending such verification and completion of the due diligence exercise, the Company could enter into a conditional agreement.

During the due diligence process, the Company was informed by MVMCL and its solicitor that a Joint Board Resolution of MVMCL and MHL (Musida Holdings Limited) was held on 18th April, 2014 to ratify, endorse and adapt the MOA and PA hence giving these documents legal validity. The Company was furnished with a copy of these resolutions upon request in its conduct of the due diligence exercise.  As mentioned in its announcement dated 30th July, the Company is still in the process of collating and verifying documents with the Office of Registrar of Titles, its own solicitors, solicitors of Alvery and MVMCL before concluding its exercise.

Based on the above explanation, the Company denies that its announcement dated 2nd April is inaccurate and misleading. For purposes of clarity, the Company never entered into any MOA with MVMCL as mentioned in paragraph 8 and avers that any information it receives from third parties pursuant to the JV Agreement was and shall remain subject to verification in accordance to corporate compliance and in the best interest of the Company and its shareholders.

The Company has made full disclosure and furnished Bursa Malaysia Berhad with a detailed written explanation to its query on 11th June 2014.

This announcement is made on 4th August, 2014.

 

 

 

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IDEAL - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameIDEAL SUN CITY HOLDINGS BERHAD (ACE Market) 
Stock Name IDEAL  
Date Announced4 Aug 2014  
CategoryGeneral Announcement
Reference NoCP-140801-64503

Regularisation SponsorM&A Securities Sdn Bhd
SponsorSame as above
TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionIDEAL SUN CITY HOLDINGS BERHAD ("IDEAL" OR "THE COMPANY")
- Update of Legal Suits
Orix Credit Malaysia Sdn. Bhd. ("Orix") against Equator Life Science Bhd (now known as Ideal Sun City Holdings Berhad)

Further to the announcement made on 27 June 2014, the Board of Directors of the Company wishes to announce that the Company has on 1 August 2014 received a letter from the Company Solicitor informing that they have received a Writ & Statement of Claim from Orix's new solicitors.
From the Statement of Claim, it appears that this claim is being made on the basis that the Hire Purchase Agreement period has expired and Equator Biotech Sdn Bhd (now known as Ideal Property Concept Sdn. Bhd.) ("IPC") has failed to pay the Instalments due under the Hire Purchase Agreement.
In the previous suit, Orix has claimed that they had terminated the Hire Purchase Agreement due to IPC's failure to pay the Instalments. The termination is not mentioned in the present suit. Nevertheless, the Company's solicitors are of the opinion that the principle of res judicata is applicable and Orix is not entitled to make another claim on the same subject matter.

This announcement is dated 4 August 2014.


KGB - Changes in Director's Interest (S135) - Tan Chuan Yong

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameKELINGTON GROUP BERHAD  
Stock Name KGB  
Date Announced4 Aug 2014  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCA-140731-54135

Information Compiled By KLSE

Particulars of Director

NameTan Chuan Yong
Address93 Jalan Setiamurni 6
Bukit Damansara
50490 Kuala Lumpur
Descriptions(Class & nominal value)Warrants 2014/2019

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
25/06/2014
26,666
0.165 

Circumstances by reason of which change has occurredDisposal of Warrants
Nature of interestDirect Interest
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice04/08/2014


CIMBA40 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE ASEAN 40 MALAYSIA  
Stock Name CIMBA40  
Date Announced4 Aug 2014  
CategoryGeneral Announcement
Reference NoOB-140804-45619

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE ASEAN 40 Malaysia
Date: 04-Aug-2014
IOPV per unit (RM): 1.7340
Units in circulation (units): 1,350,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 11,463.63



CIMBC25 - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameCIMB FTSE CHINA 25  
Stock Name CIMBC25  
Date Announced4 Aug 2014  
CategoryGeneral Announcement
Reference NoOB-140804-45590

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFund: CIMB FTSE China 25
Date: 04-Aug-2014
IOPV per unit (RM): 1.0769
Units in circulation (units): 9,750,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 17,891.49



DBHD - Change of Address

Announcement Type: Change of Address
Company NameDAMANSARA REALTY BHD  
Stock Name DBHD  
Date Announced4 Aug 2014  
CategoryChange of Address
Reference NoJC-140801-35260

Change descriptionCorrespondence 
Old address Level 3, Block G (Central), Pusat Bandar Damansara, 50490 Kuala Lumpur 
New addressLot 10.3, Level 10, Wisma Chase Perdana off Jalan Semantan, Damansara Heights, 50490 Kuala Lumpur 
Name of Registrar 
Telephone no03-20812688 
Facsimile no03-20812690 
E-mail addresscorporateinfo@dbhd.com.my 
Effective date04/08/2014 


HIBISCS - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameHIBISCUS PETROLEUM BERHAD  
Stock Name HIBISCS  
Date Announced4 Aug 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoCC-140804-38928

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalOthers
Details of corporate proposalConversion of Warrants-A to Ordinary Shares
No. of shares issued under this corporate proposal13,882,100
Issue price per share ($$)MYR 0.500
Par Value ($$)MYR 0.010
Latest issued and paid up share capital after the above corporate proposal in the following
Units885,816,754
CurrencyMYR 8,858,167.540
Listing Date05/08/2014


DSONIC - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameDATASONIC GROUP BERHAD  
Stock Name DSONIC  
Date Announced4 Aug 2014  
CategoryGeneral Announcement
Reference NoDG-140804-97092

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionPursuant to Paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the following Director (referred to as "Affected Person") has notified that he intends to deal in the Company's securities during closed period.

In accordance with Paragraph 14.08(d) of the Main Market Listing Requirements of Bursa Securities, the Affected Person will inform the Company Secretary of the Company on the details of his dealings within one (1) full market day after the dealing has occurred.

The Affected Person’s current shareholdings in the securities of the Company is as follows:-

Affected Person

Name of Registered Holder

Nature of interest

No. of Ordinary
Shares of RM0.10 each held

Percentage (%)

Dato’ Wan Mohd Safiain Bin Wan Hasan

 

AllianceGroup Nominees (Tempatan) Sdn Bhd pledged securities account for Dato’ Wan Mohd Safiain Bin Wan Hasan

Direct

1,150,000

0.0852



MATRIX - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):INTENTION TO DEAL DURING CLOSED PERIOD

Announcement Type: General Announcement
Company NameMATRIX CONCEPTS HOLDINGS BERHAD  
Stock Name MATRIX  
Date Announced4 Aug 2014  
CategoryGeneral Announcement
Reference NoMC-140804-45698

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
DescriptionNOTICE OF INTENTION TO DEAL IN SECURITIES DURING CLOSED PERIOD

Pursuant to Paragraph 14.08(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Matrix Concepts Holdings Berhad ("MCHB" or "the Company") wishes to inform that, the Company has received a notification from Dato' Lee Tian Hock, Group Managing Director/Chief Executive Officer of MCHB on his intention to deal in the securities of the Company during the Closed Period. Dato' Lee Tian Hock has pledged to donate five(5) million shares of his personal shareholdings in MCHB to Sekolah Menengah Chung Wah, Port Dickson and the transfer of which, is expected to be effected in due course during the Closed Period.

Dato' Lee Tian Hock's current interests in the securities of the Company are as shown below:-

TYPE OF SECURITIES

DIRECT INTEREST

%

INDIRECT INTEREST#

%

Ordinary Shares

90,141,078

19.75

113,321,053

24.82

# Indirect interest held pursuant to Section 6A and/or Section 134(12)(c) of the Companies Act, 1965

This announcement is dated 4 August 2014



PETDAG - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NamePETRONAS DAGANGAN BHD  
Stock Name PETDAG  
Date Announced4 Aug 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoPD-140804-911A9

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Share of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
(for Employees Provident Fund Board (CIMB PRIN))
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed25/07/2014
81,400
 

Circumstances by reason of which change has occurredSale of shares managed by portfolio manager
Nature of interestDirect
Direct (units)1,351,200 
Direct (%)0.136 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change51,635,000
Date of notice30/07/2014

Remarks :
The total number of 51,635,000 ordinary shares comprise the following:

(a) 45,273,400 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board].

(b) 1,500,000 shares registered in the name of Employees Provident Fund Board.

(c) 2,262,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (NOMURA)].

(d) 1,351,200 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (CIMB PRIN)].

(e) 288,400 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (KIB)].

(f) 270,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (RHB INV)].

(g) 190,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (MAYBAN)].

(h) 500,000 shares registered in the name of Citigroup Nominees (Tempatan) Sdn Bhd [for Employees Provident Fund Board (AM INV)].

Received form 29B on 4 August 2014.


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