April 10, 2015

Company announcements: RGB, TECFAST, N2N, ETITECH, MCLEAN, MAYBANK, UMCCA, KIANJOO

RGB - NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS):FUND RAISING

Announcement Type: General Announcement
Company NameRGB INTERNATIONAL BHD  
Stock Name RGB  
Date Announced10 Apr 2015  
CategoryGeneral Announcement
Reference NoMI-150410-62171

TypeAnnouncement
SubjectNEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
DescriptionRGB INTERNATIONAL BHD (“RGB” OR THE “COMPANY”)

PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF RGB (“PROPOSED PRIVATE PLACEMENT”

On behalf of the Board of Directors of RGB, RHB Investment Bank Berhad is pleased to announce that the Company proposes to undertake a private placement of up to ten percent (10%) of the issued and paid-up share capital of RGB to investors to be identified at a later date.

Further details of the Proposed Private Placement are as attached.

This announcement is dated 10 April 2015.



TECFAST - OTHERS TECHFAST HOLDINGS BERHAD (“THB” OR “COMPANY”) PROPOSED ACQUISITION OF A 40% EQUITY INTEREST IN EACH OF THB’S 50%-OWNED ENTITIES, NAMELY CAPE TECHNOLOGY SDN BHD AND ORIEM TECHNOLOGY SDN BHD FOR A TOTAL CASH CONSIDERATION OF UP TO RM12,160,000.00 (“PROPOSED ACQUISITION”)

Announcement Type: General Announcement
Company NameTECHFAST HOLDINGS BERHAD (ACE Market) 
Stock Name TECFAST  
Date Announced10 Apr 2015  
CategoryGeneral Announcement
Reference NoMB-150410-58707

TypeAnnouncement
SubjectOTHERS
DescriptionTECHFAST HOLDINGS BERHAD (“THB” OR “COMPANY”)

PROPOSED ACQUISITION OF A 40% EQUITY INTEREST IN EACH OF THB’S 50%-OWNED ENTITIES, NAMELY CAPE TECHNOLOGY SDN BHD AND ORIEM TECHNOLOGY SDN BHD FOR A TOTAL CASH CONSIDERATION OF UP TO RM12,160,000.00 (“PROPOSED ACQUISITION”)

This announcement is dated 10 April 2015.

Reference is made to the Company’s announcements dated 18 August 2014, 20 August 2014, 2 September 2014 and 18 November 2014 (“Earlier Announcements”) and the circular to shareholders dated 1 October 2014 (“Circular”). Unless otherwise stated, defined terms in this announcement shall carry the same respective meanings as defined in the Earlier Announcements and Circular.

On behalf of the Board of Directors of THB (“Board”), AmInvestment Bank Berhad wishes to announce that the Company had on even date, paid RM4,000,000.00 to the Vendor, being a partial payment of the Additional Purchase Consideration of RM4,560,000.00, as the aggregate audited PAT for the FYE 31 December 2014 of the Acquiree Companies have exceeded RM2 million, subject to a maximum aggregate audited PAT of RM3,200,000.00 pursuant to the terms as stipulated in the SPA and Supplemental SPA. For information, the aggregate audited PAT for the FYE 31 December 2014 of the Acquiree Companies is RM3,501,199. A separate announcement will be made when the balance RM560,000.00 is paid in due course.

On even date, THB and the Vendor have mutually agreed in writing to extend the Additional Purchase Consideration Period to a further ninety (90) days from today, to 9 July 2015.

For the avoidance of doubt, the Proposed Acquisition has been completed on 17 November 2014, as announced to Bursa Malaysia Securities Berhad on 18 November 2014.



N2N - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company NameN2N CONNECT BERHAD (ACE Market) 
Stock Name N2N  
Date Announced10 Apr 2015  
CategoryNotice of Shares Buy Back - Immediate Announcement
Reference NoCM-150410-2FFAD

Date of buy back10/04/2015
Description of shares purchasedOrdinary shares of RM0.10 each
CurrencyMalaysian Ringgit (MYR)
Total number of shares purchased (units)36,000
Minimum price paid for each share purchased ($$)0.830
Maximum price paid for each share purchased ($$)0.835
Total consideration paid ($$)29,980.00
Number of shares purchased retained in treasury (units)36,000
Number of shares purchased which are proposed to be cancelled (units)0
Cumulative net outstanding treasury shares as at to-date (units)7,938,600
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 (%)1.8042


ETITECH - OTHERS ETI TECH CORPORATION BERHAD ("ETITECH" or "the Company") Monthly Announcement on the Status of Default in Payment Pursuant to Practice Note 1/2001 ("PN 1")

Announcement Type: General Announcement
Company NameETI TECH CORPORATION BERHAD  
Stock Name ETITECH  
Date Announced10 Apr 2015  
CategoryGeneral Announcement
Reference NoCC-150410-3F6F9

TypeAnnouncement
SubjectOTHERS
DescriptionETI TECH CORPORATION BERHAD ("ETITECH" or "the Company")
Monthly Announcement on the Status of Default in Payment Pursuant to Practice Note 1/2001 ("PN 1")
We refer to our earlier announcement made on 09 March 2015.
The Company wishes to inform that there are no material updates on the Company’s PN1/2001 status as at the date of this announcement.

This announcement is dated 10 April 2015.


MCLEAN - OTHERS MCLEAN TECHNOLOGIES BERHAD (“MCLEAN” OR THE “COMPANY”) EXECUTION OF A MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN THE COMPANY AND DECOR INDUSTRIES PTE LTD (“DIPL” OR “VENDOR”)

Announcement Type: General Announcement
Company NameMCLEAN TECHNOLOGIES BERHAD (ACE Market) 
Stock Name MCLEAN  
Date Announced10 Apr 2015  
CategoryGeneral Announcement
Reference NoOS-150409-68341

TypeAnnouncement
SubjectOTHERS
DescriptionMCLEAN TECHNOLOGIES BERHAD (“MCLEAN” OR THE “COMPANY”)

EXECUTION OF A MEMORANDUM OF UNDERSTANDING (“MOU”) BETWEEN THE COMPANY AND DECOR INDUSTRIES PTE LTD (“DIPL” OR “VENDOR”)

On behalf of the Board of Directors of MClean, TA Securities Holdings Berhad wishes to announce that the Company had on 10 April 2015 entered into a MOU with DIPL, the holding company of DWZ Industries Sdn Bhd (“DWZ”). DIPL is a company limited by shares and incorporated in the Republic of Singapore. DWZ is a company that is principally involved in the business of surface finishing of metal parts for electric and electronic industries. As at the date of this announcement, DWZ has an issued and paid-up share capital of RM1,000,000 comprising 1,000,000 ordinary shares of RM1.00 each.

The MOU is intended to summarise the discussions and negotiations between MClean and DIPL for the proposed acquisition of 55% equity interest in DWZ (“Proposed Acquisition”) and to set forth a manner to proceed. MClean and DIPL are collectively referred to as “Parties”.

MClean sees synergistic value in DWZ and proposes to acquire 55% equity interest in DWZ subject to a financial and legal due diligence (“Due Diligence”) to be carried out. The Due Diligence shall be completed within seventy five (75) days from the date of the MOU and may be extended with the mutual agreement between the Parties.

The salient terms of the MOU are as follows:

(a) Subject to the adjustments to be provided in the share sale agreement (“SSA”) to be entered into between MClean and DIPL, the total indicative purchase consideration for the Proposed Acquisition shall be fully settled via the issuance of such number of new ordinary shares of RM0.25 each in MClean (“MClean Shares”) (“Consideration Shares”) equivalent to the indicative purchase consideration. The indicative issue price of each Consideration Share shall be at the par value of RM0.25 each.

For information purpose, the issue price per Consideration Share of RM0.25 each is at a 25.13% premium to the 5-day volume weighted average market price of MClean Shares up to the market day preceding the date of the MOU of RM0.1998 each;

(b) the Vendor shall provide a profit guarantee wherein the consolidated profits of DWZ for the financial years ending 31 December 2015 and 2016 shall be at amounts to be mutually agreed upon at a later date; and

(c) the Proposed Acquisition shall be subject to, inter alia, further terms and conditions of the SSA to be entered into between MClean and DIPL within seven (7) days from the date of completion of the Due Diligence provided that MClean is reasonably satisfied with the results of the Due Diligence.

None of the Directors and/or the substantial shareholders of MClean and/or persons connected to them have any interest, direct or indirect in the MOU.

An announcement detailing the terms, effects and all relevant disclosures in relation to the Proposed Acquisition pursuant to the Appendix 10A of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad shall be released upon execution of the SSA.

The MOU will be made available for inspection at the registered office of the Company at 10th Floor, Menara Hap Seng, No. 1 & 3 Jalan P. Ramlee, 50250 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 10 April 2015.



MAYBANK - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company NameMALAYAN BANKING BERHAD  
Stock Name MAYBANK  
Date Announced10 Apr 2015  
CategoryChange Of Company Secretary
Reference NoMB-150410-34307

Date of change08/04/2015
Type of changeResignation
DesignationSecretary
License no.LS0008977
NameMohd Nazlan Mohd Ghazali
Working experience and occupation during past 5 years


UMCCA - Changes in Sub. S-hldr's Int. (29B) - Mitsubishi UFJ Financial Group, Inc("MUFG")

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced10 Apr 2015  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoUM-150410-62952

Particulars of substantial Securities Holder

NameMitsubishi UFJ Financial Group, Inc("MUFG")
Address7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, 100-8330, Japan
NRIC/Passport No/Company No.NIL
Nationality/Country of incorporationJapan
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderAberdeen Asset Management PLC ("Aberdeen") and its subsidiaries - 30,768,950 shares
10 Queen's Terrace
Aberdeen, AB10 1YG,
Scotland

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired07/04/2015
5,000
 

Circumstances by reason of which change has occurredAcquisition by Aberdeen.

MUFG is deemed interested in the shares by virtue of MUFG's wholly owned subsidiary, Mitsubishi UFJ Trust & Banking Corp, holding more than 15% in Aberdeen.
Nature of interestDeemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)5,000 
Indirect/deemed interest (%)0.0024 
Total no of securities after change30,768,950
Date of notice10/04/2015

Remarks :
Received notice on 10 April 2015


UMCCA - Changes in Director's Interest (S135) - MR. TEO LENG

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced10 Apr 2015  
CategoryChanges in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference NoUM-150410-61934

Information Compiled By KLSE

Particulars of Director

NameMR. TEO LENG
Address149 JALAN HULUBALANG 3
TAMAN DAWANI
81400 SENAI
JOHOR
Descriptions(Class & nominal value)ORDINARY SHARES OF RM1.00 EACH

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Disposed
09/04/2015
20,000
6.400 
Disposed
10/04/2015
5,000
6.450 

Circumstances by reason of which change has occurredDISPOSAL IN OPEN MARKET
Nature of interestDIRECT INTEREST
Consideration (if any) 

Total no of securities after change

Direct (units)45,000 
Direct (%)0.0216 
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice10/04/2015


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

Announcement Type: General Announcement
Company NameUNITED MALACCA BERHAD  
Stock Name UMCCA  
Date Announced10 Apr 2015  
CategoryGeneral Announcement
Reference NoUM-150410-62241

TypeAnnouncement
SubjectDEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
DescriptionPursuant to Paragraph 14.09 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we set out below details of the dealing in the Company's securities by a Director:-

MR. TEO LENG

Date of dealing
Consideration for the dealing (RM per share)
No. of shares disposed of
% of the issued share capital
9 April 2015
RM6.40
20,000
0.0096%
10 April 2015
RM6.45
5,000
0.0024%


KIANJOO - MATERIAL LITIGATION

Announcement Type: General Announcement
Company NameKIAN JOO CAN FACTORY BERHAD  
Stock Name KIANJOO  
Date Announced10 Apr 2015  
CategoryGeneral Announcement
Reference NoKJ-150410-610D6

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionCourt of Appeal, Civil Appeal Suit No. W-02(IM)(NCC)-2063-12/2014
(Kuala Lumpur High Court Suit No. 22NCC-152-05/2014 [Enclosure 21])
Dato' See Teow Guan ("the Appellant")
-versus-
Kian Joo Can Factory Berhad ("the Respondent")

We refer to our announcement dated 9 February 2015 in respect of the above matter.

The Court of Appeal has fixed the appeals for continued hearing on 29 May 2015.


This announcement is dated 10 April 2015.



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