November 21, 2014

Company announcements: IRIS, 3A, GRANFLO, GREENYB, HHGROUP, FBMKLCI-EA, IJMPLNT, AFG, HAPSENG, IJM

IRIS - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced21 Nov 2014  
CategoryGeneral Announcement
Reference NoIC-141121-62055

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionMATERIAL LITIGATION IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR CIVIL SUIT NO 22NCC 312-08/2014 BETWEEN UNITED LOGISTICS SDN BHD (“PLAINTIFF”) vs STAMFORD COLLEGE (PJ) SDN BHD (“DEFENDANT”) STAMFORD COLLEGE BERHAD (“SCB” or “3RD PARTY”) AND IRIS CORPORATION BERHAD (“4TH PARTY”)

MATERIAL LITIGATION IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR CIVIL SUIT NO 22NCC 312-08/2014 BETWEEN UNITED LOGISTICS SDN BHD (“PLAINTIFF”) vs STAMFORD COLLEGE (PJ) SDN BHD (“DEFENDANT”) STAMFORD COLLEGE BERHAD (“SCB” or “3RD PARTY”) AND IRIS CORPORATION BERHAD (“4TH PARTY”)

The Board of Directors of IRIS Corporation Berhad (“ICB”) wishes to announce that United Logistics Sdn Bhd (“Plaintiff”) had filed a  Writ of Summons dated 26th August, 2014 at the High Court of Kuala Lumpur against  Stamford College (PJ) Sdn Bhd (“SCPJ”) a subsidiary of IRIS Corporation Berhad  as the Defendant. The Defendant further filed a Third Party Notice on 13-10-2014 against Stamford College Berhad (“SCB”) hence adjoining SCB under this Writ.  

Under the Statement of Claim, the Plaintiff alleges that it had provided 3 friendly loans to SCPJ wherein the First Loan for the amount of RM500,000 was paid on 23-07-2012; the Second Loan on 03-09-2012 for the sum of RM250,000 and the Third Loan was paid to Maju Institute of Educational Development (“MIED”)  for the sum RM1.5 Million on the instruction of SCPJ. The total sum claimed by the Plaintiff under the Writ is RM2,224,262.75, interest upon judgement sum at the rate of 5% per centum per annum calculated on a daily basis from the date of filing the writ and costs.

The Plaintiff further alleges that ICB had notice of the 3 friendly loans given to SCPJ before it acquired the 51% shareholding of SCPJ and hence ICB shall be liable to pay the sums loaned by the Plaintiff to SCPJ.

SCB has via its solicitors filed a 4th Party Notice dated 12-11-14 and served the same on ICB.

ICB was informed that the matter is fixed for hearing of the 4th Party Notice application on 24-11-2014.

This announcement is made on 21st November, 2014

 

 

 



3A - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameTHREE-A RESOURCES BERHAD  
Stock Name 3A  
Date Announced21 Nov 2014  
CategoryChange in Boardroom
Reference NoCK-141031-57953

Date of change18/11/2014
NameSUN YOU NING
Age31
NationalitySINGAPORE CITIZEN
Type of changeAppointment
DesignationNon-Executive Director
DirectorateNon Independent & Non Executive
QualificationsYEAR 2007 - B.A ECONOMICS, POMONA COLLEGE
YEAR 2012 - MBA, HARVARD BUSINESS SCHOOL
PASSED LEVEL III OF THE CFA PROGRAM 
Working experience and occupation ANALYST, INVESTMENT BANKING DIVISION, GOLDMEN, SACHS & CO.
YEAR 2007-2008 : ANALYST, CORPORATE PRIVATE EQUITY GROUP,
THE BLACKSTONE GROUP
YEAR 2008-2010 : ANALYST, ANGEL ISLAND PARTNERS
YEAR 2012 up to current : INVESTMENT, WILMAR INTERNATIONAL PTE LTD. 
Directorship of public companies (if any)NONE 
Family relationship with any director and/or major shareholder of the listed issuerNONE 
Any conflict of interests that he/she has with the listed issuerNONE 
Details of any interest in the securities of the listed issuer or its subsidiariesNONE 


GRANFLO - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameGRAND-FLO BERHAD  
Stock Name GRANFLO  
Date Announced21 Nov 2014  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-141121-2D794

Date of buy back21/11/2014
Description of shares purchasedOrdinary Shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)15,000
Minimum price paid for each share purchased ($$)0.300
Maximum price paid for each share purchased ($$)0.300
Total consideration paid ($$)4,500.00
Number of shares purchased retained in treasury (units)15,000
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)782,600
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 (%)0.213


GREENYB - GENERAL MEETINGS: NOTICE OF MEETING

Announcement Type: General Meetings
Company NameGREENYIELD BERHAD  
Stock Name GREENYB  
Date Announced21 Nov 2014  
CategoryGeneral Meetings
Reference NoCK-141106-50192

Type of MeetingAGM
IndicatorNotice of Meeting
DescriptionGREENYIELD BERHAD - NOTICE OF THE TWELFTH ANNUAL GENERAL MEETING
Date of Meeting16/12/2014
Time11:00 AM
VenueCEMPAKA ROOM, LEVEL 3 (LOBBY LEVEL),
HOTEL BANGI- PUTRAJAYA,
OFF PERSIARAN BANDAR,
43650 BANDAR BARU BANGI,
SELANGOR DARUL EHSAN.
Date of General Meeting Record of Depositors08/12/2014


HHGROUP - OTHERS HENG HUAT RESOURCES GROUP BERHAD (“HENG HUAT” OR "COMPANY") - Change in the composition of Remuneration Committee

Announcement Type: General Announcement
Company NameHENG HUAT RESOURCES GROUP BERHAD (ACE Market) 
Stock Name HHGROUP  
Date Announced21 Nov 2014  
CategoryGeneral Announcement
Reference NoCC-141121-B09D7

TypeAnnouncement
SubjectOTHERS
DescriptionHENG HUAT RESOURCES GROUP BERHAD (“HENG HUAT” OR "COMPANY")
- Change in the composition of Remuneration Committee

HENG HUAT RESOURCES GROUP BERHAD (“HENG HUAT” OR "COMPANY")
- Change in the composition of Remuneration Committee

The Board of Directors of Heng Huat wishes to announce that Mr. Lim Ghim Chai has been appointed as a member of the Remuneration Committee of the Company with effect from 21 November 2014.

The composition of the Remuneration Committee after the change is as follows:-

Remuneration Committee:-

1. Lo Liang Kheng : Chairman (Independent Non-Executive Director)

2. Dato' Juzilman Bin Basir: Member (Independent Non-Executive Director)

3. Ng Boon Kang: Member (Independent Non-Executive Director)

4. Lim Ghim Chai (Executive Director)

 

This announcement is dated 21 November 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 Announced21 Nov 2014  
CategoryGeneral Announcement
Reference NoFB-141121-581E0

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionFTSE Bursa Malaysia KLCI etf - Valuation Point as at 21 November 2014

Fund: FTSE Bursa Malaysia KLCI etf
NAV per unit (RM): 1.8681
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: 1,809.13

Attachments

FBM KLCI etf 20141121.xls
31 KB



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

Announcement Type: General Announcement
Company NameIJM PLANTATIONS BERHAD  
Stock Name IJMPLNT  
Date Announced21 Nov 2014  
CategoryGeneral Announcement
Reference NoIP-141121-51371

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionConditional Share Subscription Agreement for Subscription up to 32% Equity Interest in PT Perindustrian Sawit Sinergi, Indonesia

Gunaria Sdn Bhd (“Gunaria”), a wholly-owned subsidiary of the Company, has on 21 November 2014 entered into a Conditional Share Subscription Agreement (“CSSA”) with KL-Kepong Plantation Holdings Sdn Bhd (“KLKP”), a wholly-owned subsidiary of Kuala Lumpur Kepong Berhad, and two (2) existing shareholders for subscription of 25,600 new shares of Rp.1,000,000 each in PT Perindustrian Sawit Sinergi (“PT PSS”) for a total cash consideration of Rp.25,600,000,000 (approximately RM6,900,000) (“the Proposed Subscription”). Pursuant to the CSSA, the shareholding ratio of Gunaria, KLKP and the existing shareholders will be 32:63:5.

PT PSS is a limited liability company incorporated in Indonesia on 11 August 2014 with the share capital of 1,000 shares of Rp.1,000,000 each.

PT PSS will be a joint venture vehicle of the parties to establish an integrated palm oil refinery complex, kernel crushing plant, sale of refined or processed oil palm products or its derivative.

The conditions precedent to the Proposed Subscription include the following:-

(a) completion of the due diligence; and

(b) approval from the Badan Koordinasi Penanaman Modal Indonesia for the conversion of PT PSS into a foreign investment company and change of shareholding composition of PT PSS.

The Proposed Subscription is part of the long term business strategy of the Group to expand its operations in Indonesia.

None of the Directors nor substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Proposed Subscription and no approval of shareholders is required. The Proposed Subscription is not expected to have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 March 2015.

This announcement is also available for reference at http://www.ijm.com



AFG - 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 NameALLIANCE FINANCIAL GROUP BERHAD  
Stock Name AFG  
Date Announced21 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoAF-141121-C9567

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 shares of RM1.00 each
Name & address of registered holderi) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (Disposal of 13,600 shares)
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

ii) Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (TEMPLETON)(Acquisition of 572,900 shares)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed18/11/2014
13,600
 
Acquired18/11/2014
572,900
 

Circumstances by reason of which change has occurredi) Disposed
ii) Acquired
Nature of interestDirect Interest
Direct (units)236,311,140 
Direct (%)15.26 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change236,311,140
Date of notice19/11/2014

Remarks :
The Form 29B dated 19 November 2014 was received on 21 November 2014.


HAPSENG - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Datuk Seri Panglima Lau Cho Kun @ Lau Yu Chak

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameHAP SENG CONSOLIDATED BERHAD  
Stock Name HAPSENG  
Date Announced21 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoHS-141121-132F2

Particulars of substantial Securities Holder

NameTan Sri Datuk Seri Panglima Lau Cho Kun @ Lau Yu Chak
Address2650 Taman Mosaics, Jalan Tanjung Batu,
P.O.Box 27, 91007 Tawau,
Sabah
NRIC/Passport No/Company No.360110-71-5293
Nationality/Country of incorporationMalaysian/Chinese
Descriptions (Class & nominal value)Ordinary shares of RM1.00 each
Name & address of registered holder(1) Gek Poh (Holdings) Sdn Bhd ["GP"]
21st Floor, Menara Hap Seng,
Jalan P. Ramlee, 50250 Kuala Lumpur
Total shares held by GP : 771,177,100 ordinary shares representing 35.87% of the issued and paid-up share capital of Hap Seng Consolidated Berhad ["HSCB"].
(Deemed interest in HSCB by virtue of direct substantial interest in GP)

(2) Malaysia Nominees (Tempatan) Sdn Bhd ["Malaysia Nominees"]
c/o Custody Department
OCBC Bank (Malaysia) Berhad, 13th Floor, Menara OCBC, 18 Jalan Tun Perak, 50050 Kuala Lumpur
Total shares held by Malaysia Nominees : 100,000,000 ordinary shares representing 4.65% of the issued and paid-up share capital of HSCB.
Shares held by GP through Malaysia Nominees.
(Deemed interest in HSCB by virtue of direct substantial interest in GP.)

(3) RHB Capital Nominees (Tempatan) Sdn Bhd ["RHB Capital Nominees"]
10th Floor, Plaza OSK, Jalan Ampang
50450 Kuala Lumpur
Total shares held by RHB Capital Nominees : 293,334,000 ordinary shares representing 13.64% of the issued and paid-up share capital of HSCB.
Shares held by GP through RHB Capital Nominees.
(Deemed interest in HSCB by virtue of direct substantial interest in GP.)

(4) Hap Seng Insurance Services Sdn Bhd ["HSIS"]
21st Floor, Menara Hap Seng,
Jalan P. Ramlee, 50250 Kuala Lumpur
Total shares held by HSIS : 175,146,980 ordinary shares representing 8.15% of the issued and paid-up share capital of HSCB.
(Deemed interest in HSCB by virtue of direct substantial interest in GP, the holding company of HSIS)

(5) RHB Nominees (Tempatan) Sdn Bhd ["RHB Nominees"]
10th Floor, Plaza OSK, Jalan Ampang
50450 Kuala Lumpur
Purchase of 3,696,400 shares on the open market from 14 November 2014 to 19 November 2014 by RHB Nominees.
Total shares held by RHB Nominees after change: 20,171,700 ordinary shares representing 0.94% of the issued and paid-up share capital of HSCB.
Shares held by HSIS through RHB Nominees
(Deemed interest in HSCB by virtue of direct substantial interest in GP, the holding company of HSIS)

(6) Affin Hwang Nominees (Asing) Sdn Bhd ["Affin Hwang Nominees"]
-Exempt AN for Lei Shing Hong Securities Limited (clients A/C)
3rd Floor, Chulan Tower,
No. 3, Jalan Conlay, 50450 Kuala Lumpur
Disposal of 31,000 shares on the open market on 17 November 2014 by Affin Hwang Nominees.
Total shares held by Affin Hwang Nominees after change: 215,064,660 ordinary shares representing 10.00% of the issued and paid-up share capital of HSCB.
Shares held by Lei Shing Hong Investment Ltd ["LSHI"] through Affin Hwang Nominees.
(Deemed interest in HSCB by virtue of deemed substantial interest in Lei Shing Hong Limited, the holding company of LSHI)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired14/11/2014
741,700
 
Acquired17/11/2014
685,300
 
Disposed17/11/2014
31,000
 
Acquired18/11/2014
1,037,400
 
Acquired19/11/2014
1,232,000
 

Circumstances by reason of which change has occurredPurchase of 3,696,400 shares on the open market from 14 November 2014 to 19 November 2014 by HSIS and disposal of 31,000 shares on the open market on 17 November 2014 by LSHI.
Nature of interestIndirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units)1,574,894,440 
Indirect/deemed interest (%)73.25 
Total no of securities after change1,574,894,440
Date of notice21/11/2014

Remarks :
Form 29B was received on even date.

cc: Securities Commission


IJM - 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 NameIJM CORPORATION BERHAD  
Stock Name IJM  
Date Announced21 Nov 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoIC-141121-0EC8A

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19, Bangunan KWSP, Jalan Raja Laut, 50350 Kuala Lumpur
NRIC/Passport No/Company No.Not Applicable
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd, 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)
Acquired18/11/2014
500,000
 

Circumstances by reason of which change has occurredTransaction of Securities
Nature of interestDirect
Direct (units)178,541,289 
Direct (%)11.988 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change178,541,289
Date of notice21/11/2014

Remarks :
Re: Form 29B dated 19 November 2014.


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