March 20, 2015

Company announcements: IRIS, NETX, CYBERT, OPCOM, RAYA, NEXGRAM, BAHVEST

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

Announcement Type: General Announcement
Company NameIRIS CORPORATION BERHAD (ACE Market) 
Stock Name IRIS  
Date Announced20 Mar 2015  
CategoryGeneral Announcement
Reference NoIC-150320-61857

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionCOMPLETION OF THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) UNDER THE SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BERHAD (“THE COMPANY”) AND TWO OTHERS VIA THE JOINT VENTURE COMPANY, PLAMAN RESOURCES LIMITED (“PRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900)

 

COMPLETION OF THE PROPOSED ACQUISITION OF ASSETS IN FEATHERSTON RESOURCES LIMITED (“FRL”) UNDER  THE SHAREHOLDERS AGREEMENT AMONGST IRIS CORPORATION BERHAD (“THE COMPANY”) AND TWO OTHERS VIA THE JOINT VENTURE COMPANY, PLAMAN RESOURCES LIMITED (“PRL”) FOR A TOTAL INVESTMENT AMOUNT OF AUSTRALIAN DOLLARS THIRTEEN MILLION (AUD13,000,000) EQUIVALENT TO RINGGIT MALAYSIA (RM39,372,900)

This announcement is a follow up of the announcements made on 5th and 8th May, 2014 (“Previous Announcements”)

 

INTRODUCTION

The Board of Directors of IRIS Corporation Berhad (“the Company”) is pleased to announce that the Company has completed the acquisition of the assets of Featherston Resources Limited (“FRL”) through its joint venture company, PLAMAN Resources Limited ("PRL"). PRL completed the acquisition of the assets of FRL out of voluntary administration on 17th March, 2015 following the satisfaction of all of the conditions in the Deed of Company Arrangement ("DOCA").

 

Pursuant to the Shareholders Agreement, upon the acquisition and transfer of 700 ordinary shares equivalent to 70% of PRL’s shareholding , PRL is herein deemed to be a subsidiary of the Company.

 
BACKGROUND OF THE ACQUISITION

Pursuant to the elaboration in the Previous Announcements, the principal asset of FRL  comprises of a Mining Permit on an area with  probable reserves of 6.5 million tonnes of JORC compliant black and white diatomite and an Exploration Permit with estimated probable reserves of 50 to 100 million tonnes of diatomite (“Assets”). The deposits are located in the Central Otago region of New Zealand. The Mining Permit has been extended by the New Zealand Government until 16 November 2033. PRL also received a transfer of all of the mining and resource consents previously held by FRL. This will allow PRL to promptly recommence diatomite mining operations.


PRL has also acquired from Holcim (New Zealand) Limited a 100% freehold interest in a 42.36 hectare property at Foulden Hills, Central Otago, all of which is covered under the Mining Permit. This provides PRL with unfettered access to the mine site.

The Company has agreed via the Shareholders Agreement to invest a total sum of AUD13.0 Million (or equivalent to RM39,372,900) in PRL. AUD4.8 Million (or equivalent to RM14,537,700) of the invested sum has been utilized for the acquisition of the Assets and NZ$615,000 has been utilized for the acquisition of the mining site at Foulden Hills. The Company will provide the remainder of the invested sum for the payment of expenditure in relation to this acquisition and subsequent working capital funding including further drilling and exploration as well as for operational and marketing expenses of PRL.

PLAMAN Group, a private investment group headquartered in Sydney, Australia, acted as the agent for the Company for the DOCA. PLAMAN Group shall provide all on-the-ground management for PRL when it commences mining operations and all marketing activities for the sale of black diatomite resources to potential customers.

This announcement is made on 20th March, 2015.

 



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 Announced20 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-150320-99016

Particulars of substantial Securities Holder

NameMetronic Global Berhad
AddressNo. 2-1, Jalan Sri Hartamas 8
Sri Hartamas
50480 Kuala Lumpur
Wilayah Persekutuan (KL)
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
Wilayah Persekutuan (KL)

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed12/03/2015
10,000,000
 

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 change86,895,250
Date of notice19/03/2015

Remarks :
Notice received on 20.03.2015


CYBERT - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company NameCYBERTOWERS BERHAD (ACE Market) 
Stock Name CYBERT  
Date Announced20 Mar 2015  
CategoryChange in Audit Committee
Reference NoCC-150318-7C947

Regularisation SponsorTA Securities Holdings Bhd
SponsorSame as above
Date of change20/03/2015
NameDr. Teh Chee Ghee
Age48
NationalityMalaysian
Type of changeAppointment
DesignationChairman of Audit Committee
DirectorateIndependent & Non Executive
Qualifications1. PhD (Credit Management), Faculty of Business & Accountancy, University Malaya, 2010
2. MBA, University of Malaya, 2001
3. CPA(M), The Malaysian Institute of Certified Public Accountants (MICPA), 1994
4. CA (M), The Malaysian Institute of Accountants, 1993
5. FCCA(M), The Chartered Association of Certified Accountants, ACCA(UK), 1993
6. FCTIM, The Chartered Taxation Institute of Malaysia, 1993
7. Bachelor of Accounting (Honours), University of Malaya, 1990 
Working experience and occupation 1. Monash University Malaysia (October 2012 - present)
-Senior Lecturer in Accounting and Finance, School of Business
2. TSH Resources Group of Companies (October 2010 - October 2012)
- General Manager - Strategic Planning & Operations
3. TH Group Bhd (June 2006 - October 2010)
- Personal Assistant (PA) to the Group Managing Director
4. Engtex Group Bhd (August 1996 - May 2006)
- Group Financial Controller
- Personal Assistant to Group Managing Director
- Company Secretary
5. The Zuellig Group (February 1994 - July 1996)
- Regional Financial Controller, Gold Coin Feedmills ((M) Sdn. Bhd.
- Finance and Administration Manager, CWS Washroom Services (M) Sdn. Bhd.
6. Arthur Andersen & Co. (April 1990 - February 1994)
- Branch-in-charge/Experienced Senior - Kuala Terengganu office
- Audit Senior/Experienced Audit Assistant
- Associate Consultant 
Directorship of public companies (if any)Fiamma Holdings Berhad
Engtex Group Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 
Composition of Audit Committee (Name and Directorate of members after change)Chairman - Dr. Teh Chee Ghee (Independent Non-Executive Director)
Member - Low Meng Choon (Independent Non-Executive Director)
Member - Goik Kenzu (Independent Non-Executive Director)


CYBERT - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameCYBERTOWERS BERHAD (ACE Market) 
Stock Name CYBERT  
Date Announced20 Mar 2015  
CategoryChange in Boardroom
Reference NoCC-150318-2117D

Regularisation SponsorTA Securities Holdings Bhd
SponsorSame as above
Date of change20/03/2015
NameDr. Teh Chee Ghee
Age48
NationalityMalaysian
Type of changeAppointment
DesignationNon-Executive Director
DirectorateIndependent & Non Executive
Qualifications1. PhD (Credit Management), Faculty of Business & Accountancy, University Malaya, 2010
2. MBA, University of Malaya, 2001
3. CPA(M), The Malaysian Institute of Certified Public Accountants (MICPA), 1994
4. CA (M), The Malaysian Institute of Accountants, 1993
5. FCCA(M), The Chartered Association of Certified Accountants, ACCA(UK), 1993
6. FCTIM, The Chartered Taxation Institute of Malaysia, 1993
7. Bachelor of Accounting (Honours), University of Malaya, 1990 
Working experience and occupation 1. Monash University Malaysia (October 2012 - present)
-Senior Lecturer in Accounting and Finance, School of Business
2. TSH Resources Group of Companies (October 2010 - October 2012)
- General Manager - Strategic Planning & Operations
3. TH Group Bhd (June 2006 - October 2010)
- Personal Assistant (PA) to the Group Managing Director
4. Engtex Group Bhd (August 1996 - May 2006)
- Group Financial Controller
- Personal Assistant to Group Managing Director
- Company Secretary
5. The Zuellig Group (February 1994 - July 1996)
- Regional Financial Controller, Gold Coin Feedmills ((M) Sdn. Bhd.
- Finance and Administration Manager, CWS Washroom Services (M) Sdn. Bhd.
6. Arthur Andersen & Co. (April 1990 - February 1994)
- Branch-in-charge/Experienced Senior - Kuala Terengganu office
- Audit Senior/Experienced Audit Assistant
- Associate Consultant 
Directorship of public companies (if any)Fiamma Holdings Berhad
Engtex Group Berhad 
Family relationship with any director and/or major shareholder of the listed issuerNil 
Any conflict of interests that he/she has with the listed issuerNil 
Details of any interest in the securities of the listed issuer or its subsidiariesNil 


OPCOM - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameOPCOM HOLDINGS BERHAD (ACE Market) 
Stock Name OPCOM  
Date Announced20 Mar 2015  
CategoryChange in Boardroom
Reference NoOH-150318-36098

Date of change20/03/2015
NameTan Sri Mokhzani Mahathir
Age54
NationalityMalaysian
Type of changeRedesignation
Previous PositionNon-Executive Director
New PositionChief Executive Officer
DirectorateExecutive
QualificationsBachelor of Science in Petroleum Engineering from University of Tulsa, Oklahoma, USA in 1987. 
Working experience and occupation He began his career as a Wellsite Operations Engineer with Sarawak Shell Berhad in 1987. He later joined Tongkah Holdings Berhad in 1989 and was appointed as the Group Managing Director, a post he held until 2001. He was the Chairman and Group Chief Executive Officer of Pantai Holdings Berhad until 2001. He was also the Non-Independent Non-Executive Director & Vice Chairman of SapuraKencana Petroleum Berhad until March 2015. Presently, he sits on the board of Maxis Berhad and several other private limited companies.  
Directorship of public companies (if any)He sits on the board of Maxis Berhad.  
Family relationship with any director and/or major shareholder of the listed issuerHe is the brother of Dato' Seri Mukhriz Mahathir and brother-in-law of Tok Puan Norzieta Zakaria, both are major shareholders of Opcom.  
Any conflict of interests that he/she has with the listed issuerHe has no conflict of interests with the listed issuer. 
Details of any interest in the securities of the listed issuer or its subsidiariesNone.  


OPCOM - Change in Boardroom

Announcement Type: Change in Boardroom
Company NameOPCOM HOLDINGS BERHAD (ACE Market) 
Stock Name OPCOM  
Date Announced20 Mar 2015  
CategoryChange in Boardroom
Reference NoOH-150318-34914

Date of change20/03/2015
NameChhoa Kwang Hua
Age50
NationalityMalaysian
Type of changeRedesignation
Previous PositionExecutive Director
New PositionOthers
DirectorateExecutive
QualificationsBachelor of Science in Business Administration and Finance (Honours) from Sophia University, Tokyo, Japan in 1988 and a Master of Business Administration (MBA) from Harvard Business School, Boston, Massachusetts in 1992.  
Working experience and occupation He has many years of experience gained overseas in the financial and telecommunications business. His involvement is primarily focused on the financial, strategy and business development aspects of Opcom Group. 
Directorship of public companies (if any)None. 
Family relationship with any director and/or major shareholder of the listed issuerHe has no family relationship with any director and/or major shareholder of Opcom.  
Any conflict of interests that he/she has with the listed issuerHe has no conflict of interests with the listed issuer. 
Details of any interest in the securities of the listed issuer or its subsidiariesOrdinary shares
Direct interest
- 2,717,775 shares 

Remarks :
His position's new title is Deputy Chief Executive Officer effective 20 March 2015.


RAYA - Changes in Director's Interest (S135) - CHEN HIAN LOONG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameRAYA INTERNATIONAL BERHAD (ACE Market) 
Stock Name RAYA  
Date Announced20 Mar 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoCS-150318-C4ED6

Information Compiled By KLSE

Particulars of Director

NameCHEN HIAN LOONG
Address99, JALAN 5,TAMAN TAN YEW LAI
JALAN PUCHONG
58200 KUALA LUMPUR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM 0.10 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
17/03/2015
5,500,000
0.160 

Circumstances by reason of which change has occurredDISPOSAL OF SHARES
Nature of interestDIRECT
Consideration (if any) 

Total no of securities after change

Direct (units)
Direct (%)
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Date of notice20/03/2015

Remarks :
The Notice was received by the Company on 20 March 2015


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

Announcement Type: General Announcement
Company NameRAYA INTERNATIONAL BERHAD (ACE Market) 
Stock Name RAYA  
Date Announced20 Mar 2015  
CategoryGeneral Announcement
Reference NoCS-150318-C4EBF

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionWe wish to announce that Mr Chen Hian Loong, an Executive Director of Raya International Berhad, has given notice of his dealing in the securities of Raya International Berhad outside the closed period, details are set out in the table below


Date of Change

Number of Shares Disposed

Price Transacted

(RM per share)

17 March 2015

 

5,500,000

 

0.16

 

This announcement is dated 20 March 2015



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

Announcement Type: General Announcement
Company NameNEXGRAM HOLDINGS BERHAD (ACE Market) 
Stock Name NEXGRAM  
Date Announced20 Mar 2015  
CategoryGeneral Announcement
Reference NoCS-150316-49855

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionNEXGRAM HOLDINGS BERHAD (“NEXGRAM” OR “THE COMPANY”)
- DISPOSAL OF 15,000,000 ORDINARY SHARES OF RM0.05 EACH IN R&A TELECOMMUNICATION GROUP BERHAD (“R&A”), AN ASSOCIATED COMPANY OF NEXGRAM (“DISPOSAL”)

The Board of Directors of Nexgram wishes to inform that the Company had on 13 March 2015, disposed 15,000,000 ordinary shares of RM0.05 each in R&A ("R&A Shares"), representing 1.55% of the total issued and paid-up shares in R&A via open market for cash consideration of RM600,000.00 or RM0.04 per R&A Share.

The shareholding of Nexgram in R&A after the above Disposal is 66,007,700 R&A Shares, representing 6.83% of the total issued and paid-up shares in R&A.

The Disposal does not have any effect on the share capital and substantial shareholders’ shareholdings of Nexgram nor have any material effect on the earnings, net assets or gearing of Nexgram for the current financial year.

Mr. Tey Por Yee, being the Chief Executive Officer/ Managing Director and substantial shareholder of Nexgram, is deemed interested in the Disposal by virtue of his indirect interest in R&A pursuant to Section 6A of the Companies Act, 1965.

Save as disclosed above, none of the Directors, major shareholders and/or persons connected with the Directors and/or major shareholders of Nexgram have any interest, direct or indirect, in the Disposal.

The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of Nexgram.

The highest percentage ratio applicable to the Disposal pursuant to Rule 10.02(g) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.27%.

This announcement is dated 20 March 2015.



BAHVEST - Changes in Sub. S-hldr's Int. (29B) - Lembaga Tabung Haji

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameBORNEO AQUA HARVEST BERHAD (ACE Market) 
Stock Name BAHVEST  
Date Announced20 Mar 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoCA-150320-68B08

Particulars of substantial Securities Holder

NameLembaga Tabung Haji
Address201, Jalan Tun Razak,
Peti Surat No. 11025,
50732 Kuala Lumpur.
NRIC/Passport No/Company No.ACT 5351995
Nationality/Country of incorporationMalaysian (Government Agency)
Descriptions (Class & nominal value)Ordinary Shares of RM0.10 each
Name & address of registered holderLembaga Tabung Haji
201, Jalan Tun Razak,
Peti Surat No. 11025,
50732 Kuala Lumpur.

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired17/03/2015
250,000
 

Circumstances by reason of which change has occurredPurchase of shares
Nature of interestDirect
Direct (units) 
Direct (%) 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change40,588,400
Date of notice19/03/2014

Remarks :
Notice received on 20.03.2015


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