December 31, 2014

Company announcements: GDEX, INARI, MCLEAN, MAYBANK, MEDIA, BIPORT, UOAREIT

GDEX - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameGD EXPRESS CARRIER BERHAD  
Stock Name GDEX  
Date Announced31 Dec 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoCC-141230-DEDC4

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 proposalExercise of Warrants
No. of shares issued under this corporate proposal413,690
Issue price per share ($$)MYR 0.195
Par Value ($$)MYR 0.050
Latest issued and paid up share capital after the above corporate proposal in the following
Units895,156,808
CurrencyMYR 44,757,840.400
Listing Date02/01/2015


INARI - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameINARI AMERTRON BERHAD  
Stock Name INARI  
Date Announced31 Dec 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoIA-141226-49870

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
No. of shares issued under this corporate proposal179,500
Issue price per share ($$)MYR 0.380
Par Value ($$)MYR 0.100
Latest issued and paid up share capital after the above corporate proposal in the following
Units622,275,654
CurrencyMYR 62,227,565.400
Listing Date02/01/2015


MCLEAN - OTHERS MCLEAN TECHNOLOGIES BERHAD (“MCLEAN” OR THE “COMPANY”) COMPLETION OF TENURE OF SPONSOR

Announcement Type: General Announcement
Company NameMCLEAN TECHNOLOGIES BERHAD (ACE Market) 
Stock Name MCLEAN  
Date Announced31 Dec 2014  
CategoryGeneral Announcement
Reference NoMI-141230-59817

Admission SponsorKenanga Investment Bank Bhd
SponsorSame as above
TypeAnnouncement
SubjectOTHERS
DescriptionMCLEAN TECHNOLOGIES BERHAD (“MCLEAN” OR THE “COMPANY”)

COMPLETION OF TENURE OF SPONSOR

Kenanga Investment Bank Berhad ("KIBB") on behalf of The Board of Directors of MClean wishes to announce that the Company’s Sponsor, KIBB has completed its tenure as Sponsor of the Company on 31 December 2014 and accordingly will cease to be the Company’s Sponsor with effect from 1 January 2015.

The Company was admitted to the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) on 10 May 2011 and has fulfilled the requirement of Rule 3.21(1) of the ACE Market Listing Requirements of Bursa Securities to secure and maintain the services of a Sponsor for at least three (3) full financial years after its admission to the ACE Market of Bursa Securities. As such, the Company no longer requires a Sponsor after its financial year ended 31 December 2014.

This announcement is dated 31 December 2014.

 

 

 

 

 


MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced31 Dec 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMB-141231-38124

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal18,800
Issue price per share ($$)MYR 8.750
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units9,319,048,741
CurrencyMYR 9,319,048,741.000
Listing Date02/01/2015

2. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalESOS
Details of corporate proposalESOS
No. of shares issued under this corporate proposal2,500
Issue price per share ($$)MYR 8.820
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units9,319,051,241
CurrencyMYR 9,319,051,241.000
Listing Date02/01/2015


MEDIA - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameMEDIA PRIMA BERHAD  
Stock Name MEDIA  
Date Announced31 Dec 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMP-141231-5AADE

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 Media Prima Warrants 2009/2014
No. of shares issued under this corporate proposal43,432
Issue price per share ($$)MYR 1.800
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units1,109,107,526
CurrencyMYR 1,109,107,526.000
Listing Date02/01/2015


BIPORT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBINTULU PORT HOLDINGS BERHAD  
Stock Name BIPORT  
Date Announced31 Dec 2014  
CategoryChange in Boardroom
Reference NoBP-141125-43549

Date of change01/01/2015
NameDATU HAJI ABANG HALMI BIN IKHWAN
Age66
NationalityMALAYSIAN
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
Reason- LIMITATION ON THE TENURE OF SERVICE
Pursuant to Guidelines issued by the Securities Commission Malaysia on Malaysian Code on Corporate Governance 2012 and the decision of Board of Directors, Bintulu Port Holdings Berhad in its Meeting No.4/2014 held on 17 April 2014.

Principle 3 (Recommendation 3.2) of Malaysian Code on Corporate Governance 2012 stated as follows:-

The tenure of an independent director should not exceed a cumulative term of nine years. Upon completion of the nine years, an independent director may continue to serve on the board subject to the director’s re-designation as a non-independent director.

Commentary

The assessment criteria for independence of directors should also include tenure. Long tenure can impair independence. For this reason, tenure of an independent director is capped at nine years. The nine years can either be a consecutive service of nine years or a cumulative service of nine years with intervals. An independent director who has served the company for nine years may, in the interest of the company, continue to serve the company but in the capacity of a non-independent director.


The Board of Directors, Bintulu Port Holdings Berhad in its Meeting No.4/2014 held on 17 April 2014 resolved as follows:-

1. That the tenure of service for Non-Independent Directors including Chairman and Independent Directors, Bintulu Port Holdings Berhad Group of Companies shall be limited to aggregate of nine (9) years and or upon reaching the age of seventy (70)years whichever is earlier and also further subject to followings:-

a. Non-Independent Directors including Chairman

The tenure of service is subject to direction of the respective shareholders and or re-classification of the status by the Board of Directors where applicable if any;

b. Independent Directors

After nine (9) years of service or upon reaching the age of seventy (70) years whichever is earlier and in the interest of the Company, the status of Independent Directors may be re-classified by the Board of Directors as Non-Independent Directors consistent with Guidelines issued by the Securities Commission Malaysia. Otherwise without re-classification the tenure will end after the new Independent Director identified.

2. Notwithstanding the above guidelines, the retirement of Non-Independent or Independent Directors shall take effect after the relevant candidate identified. Gender diversity will also be taken into consideration for selection of the said candidates.

3. That the Independent Director who has surpassed nine (9) years of service will be replaced with new Independent Director after finalization of the said new candidate.

His last date of service is 31 December 2014
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
Qualifications- BACHELOR OF ECONOMICS (HONS), UNIVERSITY OF MALAYA, MALAYSIA - 1972

- MASTER OF BUSINESS ADMINISTRATION (MBA), CATHOLIC UNIVERSITY OF LEUVEN, BELGIUM - 1978

 
Working experience and occupation -ADMINISTRATIVE OFFICER OF BANK NEGARA MALAYSIA (1972-1973)

-ASSISTANT SECRETARY, YAYASAN SARAWAK (1974)

-ECONOMIST/SENIOR PROJECT OFFICER AT SARAWAK ECONOMIC DEVELOPMENT CORPORATION (SEDC)- (1974-1978)

-SECRETARY, BINTULU DEVELOPMENT AUTHORITY (1978-1981)

-ASSISTANT GENERAL MANAGER OF BINTULU DEVELOPMENT AUTHORITY (BDA)(1981-1992)

-GENERAL MANAGER OF BINTULU DEVELOPMENT AUTHORITY (BDA)(1983-1992 & 2002-2003)

-PERMANENT SECRETARY TO STATE MINISTRIES (1992-2002)

-PRESIDENT DEWAN USAHAWAN BUMIPUTRA SARAWAK AND AS MANAGING DIRECTOR OF CUSTODEV SDN. BHD.(2009 UNTIL NOW) 
Directorship of public companies (if any)-BINTULU PORT HOLDINGS BERHAD 
Family relationship with any director and/or major shareholder of the listed issuer-NOT APPLICABLE 
Any conflict of interests that he/she has with the listed issuer-NOT APPLICABLE 
Details of any interest in the securities of the listed issuer or its subsidiaries-NOT APPLICABLE 

Remarks :
GENDER-MALE

This announcement is dated 31 December 2014.


BIPORT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBINTULU PORT HOLDINGS BERHAD  
Stock Name BIPORT  
Date Announced31 Dec 2014  
CategoryChange in Boardroom
Reference NoBP-141124-73362

Date of change01/01/2015
NameDATO' YASMIN BINTI MAHMOOD
Age51
NationalityMALAYSIAN
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
QualificationsBSc. COMPUTER SCIENCE AND APPLIED MATHS, UNIVERSITY OF NEW SOUTH WALES, SYDNEY, AUSTRALIA 
Working experience and occupation FEB 2010-AUG 2014:
-EXECUTIVE DIRECTOR,YTL COMMUNICATIONS SDN BHD
-DIRECTOR, YTL e-SOLUTIONS BHD

MAY 2006-OCT 2009:
-MANAGING DIRECTOR, MICROSOFT MALAYSIA SDN. BHD.

1999-MARCH 2006:DELL ASIA PACIFIC
2005/2006- REGIONAL MANAGER, MALAYSIA, THAILAND AND TAIWAN
1999-2005- GENERAL MANAGER, MALAYSIA

1995-1999:
-GENERAL MANAGER, CPSD DIVISION, HP SALES MALAYSIA

1993-1995:
-GENERAL MANAGER, DATAPREP RETAIL SDN BHD

1988-1993:
-HP SALES MALAYSIA

- CHIEF EXECUTIVE OFFICER, MULTIMEDIA DEVELOPMENT CORPORATION SDN. BHD. (15 SEPTEMBER 2014- UNTIL NOW) 
Directorship of public companies (if any)-NOT APPLICABLE 
Family relationship with any director and/or major shareholder of the listed issuer-NOT APPLICABLE 
Any conflict of interests that he/she has with the listed issuer-NOT APPLICABLE 
Details of any interest in the securities of the listed issuer or its subsidiaries-NOT APPLICABLE 

Remarks :
GENDER- FEMALE

This announcement is dated 31 December 2014.


BIPORT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBINTULU PORT HOLDINGS BERHAD  
Stock Name BIPORT  
Date Announced31 Dec 2014  
CategoryChange in Boardroom
Reference NoBP-141125-44476

Date of change01/01/2015
NameDATUK HASHIM BIN ISMAIL
Age69
NationalityMALAYSIAN
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Type of changeResignation
Reason-LIMITATION ON THE TENURE OF SERVICE

Pursuant to Guidelines issued by the Securities Commission Malaysia on Malaysian Code on Corporate Governance 2012 and the decision of Board of Directors, Bintulu Port Holdings Berhad in its Meeting No.4/2014 held on 17 April 2014.

Principle 3 (Recommendation 3.2)of Malaysian Code on Corporate Governance 2012 stated as follows:-

The tenure of an independent director should not exceed a cumulative term of nine years. Upon completion of the nine years, an independent director may continue to serve on the board subject to the director’s re-designation as a non-independent director.

Commentary

The assessment criteria for independence of directors should also include tenure. Long tenure can impair independence. For this reason, tenure of an independent director is capped at nine years. The nine years can either be a consecutive service of nine years or a cumulative service of nine years with intervals. An independent director who has served the company for nine years may, in the interest of the company, continue to serve the company but in the capacity of a non-independent director.


The Board of Directors, Bintulu Port Holdings Berhad in its Meeting No.4/2014 held on 17 April 2014 resolved as follows:-

1. That the tenure of service for Non-Independent Directors including Chairman and Independent Directors, Bintulu Port Holdings Berhad Group of Companies shall be limited to aggregate of nine (9)years and or upon reaching the age of seventy (70) years whichever is earlier and also further subject to followings:-

a. Non-Independent Directors including Chairman

The tenure of service is subject to direction of the respective shareholders and or re-classification of the status by the Board of Directors where applicable if any;

b. Independent Directors

After nine (9) years of service or upon reaching the age of seventy (70) years whichever is earlier and in the interest of the Company, the status of Independent Directors may be re-classified by the Board of Directors as Non-Independent Directors consistent with Guidelines issued by the Securities Commission Malaysia. Otherwise without re-classification the tenure will end after the new Independent Director identified.

2. Notwithstanding the above guidelines, the retirement of Non-Independent or Independent Directors shall take effect after the relevant candidate identified. Gender diversity will also be taken into consideration for selection of the said candidates.

3. That the Independent Director who has surpassed nine (9) years of service will be replaced with new Independent Director after finalization of the said new candidate.

His last date of service is 31 December 2014
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
QualificationsBACHELOR OF ARTS (HONS), UNIVERSITY OF MALAYA, MALAYSIA 
Working experience and occupation -SENIOR PRIVATE SECRETARY TO DEPUTY MINISTER OF ENERGY, TELECOMMUNICATION AND POST (1985)

-JOHOR STATE ASSEMBLYMAN AND JOHOR STATE EXCO (1990-1995)

-PARLIAMENTARY SECRETARY TO THE MINISTRY OF FINANCE UNTIL HE RETIRED IN 2004 
Directorship of public companies (if any)-BINTULU PORT HOLDINGS BERHAD 
Family relationship with any director and/or major shareholder of the listed issuer-NOT APPLICABLE 
Any conflict of interests that he/she has with the listed issuer-NOT APPLICABLE 
Details of any interest in the securities of the listed issuer or its subsidiaries-NOT APPLICABLE 

Remarks :
GENDER-MALE

This announcement is dated 31 December 2014.


BIPORT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameBINTULU PORT HOLDINGS BERHAD  
Stock Name BIPORT  
Date Announced31 Dec 2014  
CategoryChange in Boardroom
Reference NoBP-141124-72660

Date of change01/01/2015
NameDATO' SRI MOHAMED KHALID BIN YUSUF @ YUSUP
Age61
NationalityMALAYSIAN
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications- BA (HONS) UNIVERSITI MALAYA- 1977

- MASTER SCIENCE (HUMAN RESOURCES)USA- 1993  
Working experience and occupation - KETUA PENGARAH KASTAM MALAYSIA (PENCEN) 35 TAHUN PERKHIDMATAN

- PENASIHAT KANAN,INTERNATIONAL TAX & INVESTMENT CENTER WASHINGTON D.C.

- PENGARAH/PENASIHAT SMARTAG BHD (2012)

- PENGERUSI SMTRACK BHD (2014)

-PENGERUSI MISAR SDN BHD (2013) 
Directorship of public companies (if any)CHAIRMAN, SMTRACK BHD 
Family relationship with any director and/or major shareholder of the listed issuer-NOT APPLICABLE 
Any conflict of interests that he/she has with the listed issuer-NOT APPLICABLE 
Details of any interest in the securities of the listed issuer or its subsidiaries-NOT APPLICABLE 

Remarks :
GENDER- MALE

This announcement is dated 31 December 2014.


UOAREIT - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameUOA REAL ESTATE INVESTMENT TRUST  
Stock Name UOAREIT  
Date Announced31 Dec 2014  
CategoryGeneral Announcement
Reference NoCC-141229-DCB7F

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionThe Net Asset Value per unit of UOA Real Estate Investment Trust as at 31 December 2014 is RM1.5021.

 



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