March 27, 2015

Company announcements: REDTONE, MYETFDJ, MYETFID, MRCB, BJCORP, CLIQ

REDTONE - REDTONE-RESUMPTION OF TRADING

Announcement Type: Listing Circular
Company NameREDTONE INTERNATIONAL BERHAD (ACE Market) 
Stock Name REDTONE  
Date Announced27 Mar 2015  
CategoryListing Circular
Reference NoNM-150327-62333

LISTING'S CIRCULAR NO. L/Q : 72805 OF 2015


    Further to Listing's Circular No. L/Q : 72803 of 2015, kindly be advised that trading in the above Company's securities will resume with effect from 9.00 a.m., Monday, 30 March 2015.

    Your attention is drawn to the Company's announcement dated 27 March 2015.


MYETFDJ - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25  
Stock Name MYETFDJ  
Date Announced27 Mar 2015  
CategoryGeneral Announcement
Reference NoOB-150327-F352E

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 – Valuation Point as at 27-Mar-15
Fund: MYETFDJ
NAV per unit (RM): 1.1572
Units in circulation (units): 251,900,000.00
Manager's Fee (p.a.): 0.40
Trustee's Fee (% p.a.): 0.05
Index License Fee (% p.a.): 0.04
DJIM25 Index : 1,036.11

 



MYETFID - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement
Company NameMYETF MSCI MALAYSIA ISLAMIC DIVIDEND  
Stock Name MYETFID  
Date Announced27 Mar 2015  
CategoryGeneral Announcement
Reference NoOB-150327-F351B

TypeAnnouncement
SubjectNET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
DescriptionMYETF MSCI MALAYSIA ISLAMIC DIVIDEND – Valuation Point as at 27-Mar-15
Fund: MYETFID
NAV per unit (RM): 1.0181
Units in circulation (units): 21,600,000.00
Manager's Fee (p.a.): 0.40
Trustee's Fee (% p.a.): 0.045
Index License Fee (% p.a.): 0.06
MSCI Malaysia IMI Islamic HDY 10/40 Index: 2,373.07

 



MRCB - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):COMBINATION OF TRANSACTIONS

Announcement Type: General Announcement
Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB  
Date Announced27 Mar 2015  
CategoryGeneral Announcement
Reference NoMM-150325-63660

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
DescriptionMALAYSIAN RESOURCES CORPORATION BERHAD (“MRCB” OR THE “COMPANY”)
(I) PROPOSED DISPOSAL; AND

(II) PROPOSED SHARES ACQUISITIONS

(COLLECTIVELY REFERRED TO AS THE “PROPOSALS”

 

(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those mentioned in the announcement dated 10 April 2014.) 

 

We refer to the announcements dated 29 January 2014, 4 April 2014, 10 April 2014, 15 April 2014, 9 June 2014, 11 July 2014, 9 September 2014, 8 October 2014, 8 January 2015, 12 February 2015, 26 February 2015, 12 March 2015, 13 March 2015 and 24 March 2015 in respect of the Proposals.

 

On behalf of the Board, CIMB and RHB wish to announce that subsequent to the fulfillment of all the conditions precedent as stipulated in the QCM SSAs, the QCM SSAs have now become unconditional.

 

This announcement is dated 27 March 2015.

 

 

 

 

 

 

 


BJCORP - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)

Announcement Type: General Announcement
Company NameBERJAYA CORPORATION BERHAD  
Stock Name BJCORP  
Date Announced27 Mar 2015  
CategoryGeneral Announcement
Reference NoMI-150327-69119

TypeAnnouncement
SubjectTAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
DescriptionBERJAYA CORPORATION BERHAD (“BCORP” OR “COMPANY”)

CONDITIONAL TAKE-OVER OFFER BY JUARA SEJATI SDN BHD (“JSSB” OR “OFFEROR”), A WHOLLY-OWNED SUBSIDIARY OF BERJAYA GROUP BERHAD (“BGROUP”), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BERJAYA CORPORATION BERHAD (“BCORP” OR THE “COMPANY”), TO ACQUIRE THE FOLLOWING:-

(I) ALL THE REMAINING ORDINARY SHARES OF RM0.10 EACH IN REDTONE INTERNATIONAL BERHAD (“REDTONE”) (“REDTONE SHARES”) NOT ALREADY OWNED BY THE OFFEROR AND THE PERSONS ACTING IN CONCERT WITH THEM (“PACS”) AND SUCH NUMBER OF NEW REDTONE SHARES THAT MAY BE ISSUED PURSUANT TO THE EXERCISE OF THE OUTSTANDING OPTIONS GRANTED PURSUANT TO REDTONE’S EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) AND/OR CONVERSION OF 2.75% 10-YEAR IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2010/2020 ISSUED BY REDTONE (“REDTONE ICULS”) (“OFFER SHARES”); AND

(II) ALL THE OUTSTANDING REDTONE ICULS NOT ALREADY OWNED BY THE OFFEROR AND ITS PACS (“OFFER ICULS”),

FOR A CASH OFFER PRICE OF RM0.80 PER OFFER SHARE AND RM0.32 PER OFFER ICULS.

On behalf of the Board of Directors of BCorp, RHB Investment Bank Berhad (“RHB Investment Bank”) wishes to announce the following:-

i. JSSB had on 27 March 2015 acquired, from Indah Pusaka Sdn Bhd, a total of 70,099,931 REDtone Shares, representing approximately 10.53% of the issued and paid-up share capital of REDtone (excluding all the treasury shares held by REDtone), for a total cash consideration of RM56,079,944.80 (“Acquisition”). The total cash consideration for the Acquisition represents an effective price of RM0.80 per REDtone Share. The Acquisition was effected via a direct business transaction.

Immediately following the Acquisition, the shareholdings of JSSB and persons acting in concert with it (in accordance with Section 216 of the Capital Markets & Services Act, 2007 namely, BCorp, BGroup, Berjaya Philippines Inc., Prime Credit Leasing Sdn Bhd, Tan Sri Dato’ Seri Vincent Tan Chee Yioun and Sia Git Kim (collectively, the “PACs”), increased from 168,441,000 REDtone Shares, representing approximately 25.31% of the issued and paid-up share capital of REDtone (excluding all the treasury shares held by REDtone) to 238,540,931 REDtone Shares, representing approximately 35.84% of the issued and paid-up share capital of REDtone (excluding all the treasury shares held by REDtone), thus triggering a mandatory take-over obligation under Section 9 of the Malaysian Code on Take-overs and Mergers, 2010 (“Code”); and

ii. RHB Investment Bank had on 27 March 2015, on behalf of JSSB, served a notice on the Board of Directors of REDtone to notify them of the Offeror’s obligation to extend a conditional take-over offer under Part III of the Code to acquire:-

(a) all the remaining REDtone Shares not already owned by JSSB and its PACs and such number of new REDtone Shares that may be issued pursuant to the exercise of outstanding options granted pursuant to the ESOS and/ or conversion of outstanding REDtone ICULS (“Offer Shares”); and

(b) all the remaining REDtone ICULS not already owned by JSSB and its PACs (“Offer ICULS”),

for a cash offer price of RM0.80 per Offer Share and RM0.32 per Offer ICULS (“Offer”).

Further details of the Offer are set out in the Announcement and the Notice as attached below.

This announcement is dated 27 March 2015.

Attachments

Notice.pdf
3441 KB

Announcement_20150327.pdf
55 KB



CLIQ - CLIQ ENERGY BERHAD (“CLIQ” OR “COMPANY”) PROPOSED ACQUISITION BY CLIQ OF A 51% EQUITY INTEREST IN A SPECIAL PURPOSE VEHICLE TO BE INCORPORATED IN THE REPUBLIC OF KAZAKHSTAN FROM PHYSTECH FIRM LLP FOR A PURCHASE CONSIDERATION OF UNITED STATES DOLLAR 117.3 MILLION (EQUIVALENT TO RM433.4 MILLION)(“PROPOSED ACQUISITION”)

Announcement Type: General Announcement
Company NameCLIQ ENERGY BERHAD  
Stock Name CLIQ  
Date Announced27 Mar 2015  
CategoryGeneral Announcement
Reference NoMI-150327-68642

TypeReply to query
Reply to Bursa Malaysia's Query Letter - Reference IDTE-150326-43825
SubjectCLIQ ENERGY BERHAD (“CLIQ” OR “COMPANY”)

PROPOSED ACQUISITION BY CLIQ OF A 51% EQUITY INTEREST IN A SPECIAL PURPOSE VEHICLE TO BE INCORPORATED IN THE REPUBLIC OF KAZAKHSTAN FROM PHYSTECH FIRM LLP FOR A PURCHASE CONSIDERATION OF UNITED STATES DOLLAR 117.3 MILLION (EQUIVALENT TO RM433.4 MILLION)(“PROPOSED ACQUISITION”)
DescriptionWe refer to the announcement dated 24 March 2015 and query letter from Bursa Malaysia Securities Berhad dated 26 March 2015 in respect of the Proposed Acquisition.
On behalf of the Company, Maybank Investment Bank Berhad is pleased to provide further information to the queries as enclosed in the attachment herein.

This announcement is dated 27 March 2015.
Query Letter Contents We refer to your Company's announcement dated 24 March 2015, in respect of the
aforesaid matter.

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-

1. Basis and justification in arriving at the estimated fair market value of
the SPV of not less than USD218.5 million.
2. Basis for the adjustment to be made in the event that the estimated fair
market value of the SPV is less than USD218.5 million.
3. To elaborate further by providing the details of the precedent acquisitions
of companies and assets comparable to the Karazhanbas Northern Field.
4. Basis and justification in arriving at the indicative asset valuation of
USD262.4 million as at 1 March 2015.
5. Given that the price of oil has dropped substantially in the recent months,
please check / justify whether the URALS oil prices forecast used in the
economic modelling is realistic.
6. The name of Directors and substantial shareholders of MKT International B.V.
together with their shareholdings.
7. To incorporate the financial information as required under Paragraph
19(d)(ii) & (iii) of Part A and Paragraph 1 of Part H, Appendix 10A of the Main
Market Listing Requirements.
8. To also incorporate the financial information of Karazhanbas Northern Field
based on the latest unaudited accounts for 2014.

Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.



Page2/-


Yours faithfully




HENG TECK HENG
Vice President, Issuers
Listing Division
Regulation
HTH/TEK

c.c:- General Manager and Head, Market Surveillance, Securities Commission
(via fax)

Attachments

CLIQ - Reply to query.pdf
95 KB



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