May 8, 2015

Company announcements: REDTONE, FBMKLCI-EA, LIONDIV, IRETEX, MLGLOBAL, BERTAM, YOKO

REDTONE - TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS) CONDITIONAL TAKE-OVER OFFER FROM RHB INVESTMENT BANK BERHAD ON BEHALF OF JUARA SEJATI SDN BHD ("OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF BERJAYA GROUP BERHAD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BERJAYA CORPORATION BERHAD ("OFFER")

Announcement Type: General Announcement for PLC
Company Name REDTONE INTERNATIONAL BERHAD
Stock Name REDTONE
Date Announced 08 May 2015
Category General Announcement for PLC
Reference Number GA1-08052015-00018

Type Announcement
Subject TAKE-OVERS & MERGERS (CHAPTER 11 OF LISTING REQUIREMENTS)
Description
CONDITIONAL TAKE-OVER OFFER FROM RHB INVESTMENT BANK BERHAD ON BEHALF OF JUARA SEJATI SDN BHD ("OFFEROR"), A WHOLLY-OWNED SUBSIDIARY OF BERJAYA GROUP BERHAD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF BERJAYA CORPORATION BERHAD ("OFFER")

Unless otherwise defined, the definitions set out in the Announcements made on 27 March 2015, 30 March 2015 and 6 May 2015 shall apply herein.

The Board of Directors of REDtone International Berhad wishes to announce that the Company has today received the attached press notice from RHB Investment Bank Berhad, on behalf of the Offeror, informing that the Offeror has received valid acceptances in respect of the Offer resulting in the Offeror and its Persons Acting in Concert holding in aggregate more than 50% voting shares of REDtone as at 5.00 p.m. (Malaysian time) on 8 May 2015 as set out in the press notice. 

As such, the acceptance condition of Offer has been fulfilled and the Offer has become unconditional on 8 May 2015.

This announcement is dated 8 May 2015.




Please refer attachment below.



FBMKLCI-EA - NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE

Announcement Type: General Announcement for PLC
Company Name FTSE BURSA MALAYSIA KLCI ETF
Stock Name FBMKLCI-EA
Date Announced 08 May 2015
Category General Announcement for PLC
Reference Number GA1-08052015-00077

Type Announcement
Subject NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description
FTSE Bursa Malaysia KLCI etf - Valuation Point as at 8 May 2015

Fund: FTSE Bursa Malaysia KLCI etf

NAV per unit (RM): 1.8596

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: 1.807.65

 




Please refer attachment below.

Attachments

FBM KLCI etf 20150508.xls
6.7 kB



LIONDIV - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS LION DIVERSIFIED HOLDINGS BERHAD ("LDHB" or the "Company") PROPOSED DIVIDEND-IN-SPECIE

Announcement Type: General Announcement for PLC
Company Name LION DIVERSIFIED HOLDINGS BERHAD
Stock Name LIONDIV
Date Announced 08 May 2015
Category General Announcement for PLC
Reference Number GA1-08052015-00082

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
LION DIVERSIFIED HOLDINGS BERHAD ("LDHB" or the "Company") 

PROPOSED DIVIDEND-IN-SPECIE

The Board of Directors of LDHB wishes to announce that the Company proposes to distribute up to 200,000,000 ordinary shares of RM1.00 each in Lion Corporation Berhad ("LCB Shares") by way of dividend-in-specie to the shareholders of LDHB, on the basis of 1 LCB Share for every 7 ordinary shares of RM0.50 each held in the Company, fractions of LCB Shares to be disregarded ("Proposed Dividend-In-Specie").

The details of the announcement are set out in the attachment below. 

This announcement is dated 8 May 2015.




Please refer attachment below.



IRETEX - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS RECURRENT RELATED PARTY TRANSACTIONS ENTERED INTO BY ZOOMIC AUTOMATION (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF IRE-TEX CORPORATION BERHAD (ITCB or the Company) WITH:- (1) ZESTEK INTEGRATION SDN BHD ("ZI") (2) FSP BUSINESS LINK SDN BHD ("FSP")

Announcement Type: General Announcement for PLC
Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 08 May 2015
Category General Announcement for PLC
Reference Number GA1-08052015-00083

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
Description
RECURRENT RELATED PARTY TRANSACTIONS ENTERED INTO BY ZOOMIC AUTOMATION (M) SDN BHD, A WHOLLY OWNED SUBSIDIARY COMPANY OF IRE-TEX CORPORATION BERHAD (ITCB or the Company) WITH:-
(1)	ZESTEK INTEGRATION SDN BHD ("ZI")
(2)	FSP BUSINESS LINK SDN BHD ("FSP")

We refer to the Company’s announcement on 29 April 2015, Bursa Malaysia Securities Berhad’s (“Bursa Securities”) query on 5 May 2015 and the Company’s reply to Bursa Securities’s query on 6 May 2015. With reference to the Company’s reply to Bursa Securities on 6 May 2015, the Company wishes to provide the following additional information:

1)   The reconciliation of the Impaired Debts amount to the actual RRPTs are set out in Attachment 1.

2)   The Company wishes to clarify that there was a typographical error in the reply to question 2 and the reply should read as follows:

The Board of ITCB formed the opinion based on the weak financial position of ZI and FSP and hence it was prudent to impair the debts.

The Board formed the opinion after obtaining a summary of the latest financial position of ZI and FSP from a search conducted at the Companies Commission of Malaysia.

3)    The Vendors have paid RM2.5 million out of the total Profit Guarantee to ITCB on 27 April 2015.

4)    Based on the Sale & Purchase Agreement with the Vendors, the balance of the profit guarantee compensation should be paid by the Vendors within 7 days upon receipt of a demand from ITCB.

5)    The adjustment for reversal of DTA (Deferred Tax Asset) amounting to RM4,249,000 in year 2013 as set out in Attachment 1 in the reply to Bursa Securities on 6 May 2015 was in accordance with the terms of the Sale and Purchase Agreement dated 18 November 2013 between the Vendors and ITCB whereby the 2013 Profit After Tax of Zoomic Automation (M) Sdn. Bhd. (“ZASB”) and Zoomic Technology (M) Sdn. Bhd. (“ZTSB”) was defined / interpreted as follows:

“2013 PAT”          Audited after tax profit of the ZASB and ZTSB for the 2013 Financial Year (which, for the avoidance of doubt, shall exclude any gains or losses resulting from reversal(s) of provision for doubtful debts, recovery of bad debts written off or reversal(s) of any deferred tax asset(s), if any)




Please refer attachment below.



IRETEX - DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014

Announcement Type: General Announcement for PLC
Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 08 May 2015
Category General Announcement for PLC
Reference Number GA1-08052015-00086

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-07052015-00002
Subject DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
Description
IRE-TEX CORPORATION BERHAD (ITCB OR THECOMPANY) 
DEVIATION BETWEEN UNAUDITED RESULTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2014
Query Letter Contents

We refer to your Company’s announcement dated 5 May 2015, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Nature of the R&D expenses and the reason for the reclassification to cost of sales.
2) Background information on the transaction / asset for which the profit guarantee relate to, and the reason for the reversal.
3) Nature of the trade receivables, other receivables and goodwill subject to impairment and the basis to impair these items.
4) To be more specific on the adjustment of the R&D expenses.

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

 

Yours faithfully,
HENG TECK HENG
Vice President, Issuers,
Listing Division, Regulation
IJ/TEK

Cc : Market Surveillance Dept. , Securities Commission (via fax)

Further to the Company’s announcement on 5 May 2015 and Bursa Malaysia Securities Berhad’s query on 7 May 2015, Ire-Tex Corporation Berhad wishes to provide the following additional information:

 

The major causes of the variances between the 4Q2014 Results and the AFS 2014 are as follows:-

 

Items

RM’000

Reclassification of R&D from other receivable in cost of sales

636

Reversal of provision of profit guarantee to goodwill in other income

(2,481)

Impairment of trade receivables

(5,799)

Impairment of other receivables

(825)

Impairment of goodwill

(125)

Adjustment of R&D expenses

(346)

Adjustment arising from minority interest

(7)

Total

(8,947)

 

 

 

1)   Nature of the R&D expenses and the reason for the reclassification to cost of sales.

           

      The R&D expenditure in cost of sales was reclassified as admin expenses.

 

2)   Background information on the transaction / asset for which the profit guarantee relate to, and the reason for the reversal.

 

            The profit guarantee was   given by the Vendors of Zoomic Automation (M) Sdn Bhd (ZASB) and Zoomic Technology (M) Sdn Bhd (ZTSB) arising from the sale of their shares in ZASB and ZTSB to ITCB. The profit guarantee due from the Vendors amounting to RM2.481 million was recognized as other income in the 4Q2014 results but subsequently this profit guarantee figure was used to contra off the initial cost of investment in ZASB and ZTSB in the final audited accounts of ITCB.

 

3) Nature of the trade receivables, other receivables and goodwill subject to impairment and the basis to impair these items.

 

The amount of trade receivable impaired amounting to RM5.799 million relates to Impaired Debts arising from recurrent related party transactions of ZASB which is detailed in the announcement on 29 April 2015 and follow up replies to queries explanations announced on 6 May 2015 and 8 May 2015.

 

The amount of other receivable impaired amounting to RM825,000 relates to cancellation penalty arising from cancellation of purchase of machinery from a supplier subsequent to year end. However, the cancellation penalty has been taken up in the audited financial statements.

 

Goodwill in investment in subsidiary company amounting to RM125,000 was impaired.

4)   To be more specific on the adjustment of the R&D expense

                                                                                                                 

Please refer to feedback in question 1.





MLGLOBAL - Changes in Director's Interest (S135) - DATUK WIRA LIM HOCK GUAN DCSM, DMSM, PJK, JP

Announcement Type: Changes in Director's Interest Pursuant to Section 135
Company Name ML GLOBAL BERHAD
Stock Name MLGLOBAL
Date Announced 08 May 2015
Category Changes in Director's Interest Pursuant to Section 135
Reference Number CS4-05052015-00035

Information Compiled By KLSE

Particulars of Director

Name DATUK WIRA LIM HOCK GUAN DCSM, DMSM, PJK, JP
Address No. 37 Jalan PJU 1A/51
Idaman Villas, Damansara Idaman
Petaling Jaya
47301 Selangor
Malaysia.
Descriptions(Class & nominal value) Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Acquired
07/05/2015
199,700
0.419

Circumstances by reason of which change has occurred
Acquired of shares via open market transactions
Nature of interest
Indirect
Consideration (if any)
RM0.419 per share

Total no of securities after change

Direct (units) 0
Direct (%) 0.000
Indirect/deemed interest (units) 21,359,923
Indirect/deemed interest (%) 23.830
Date of notice 08/05/2015


Remarks :
1) The total percentage of shares acquired by LBS Bina Group Berhad was 0.22% of the total issued and paid up capital of the Company. 2) This announcement serves as a notification pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


BERTAM - Notice of Interest Sub. S-hldr (29A) - TENG MEE YOONG

Announcement Type: Notice of Interest of Substantial Shareholders Pursuant to Form 29A
Company Name BERTAM ALLIANCE BERHAD
Stock Name BERTAM
Date Announced 08 May 2015
Category Notice of Interest of Substantial Shareholders Pursuant to Form 29A
Reference Number CS1-08052015-00002

Particulars of Substantial Securities Holder

Name TENG MEE YOONG
Address No. 8, Jalan Tasik 19 Lake Fields, Taman Tasik Damai, Sungai Besi
Kuala Lumpur
57100 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. 691022105010
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value)
Ordinary Shares of RM1.00 each
Name & address of registered holder
Bond Resources Sdn Bhd
Lot 4.100, 4th Floor
Wisma Central
Jalan Ampang
50450 Kuala Lumpur

Date interest acquired & no of securities acquired

Currency
Date interest acquired 23 Jan 2015
No of securities 52,345,983
Circumstances by reason of which Securities Holder has interest
Acquisition of substantial equity interest in Bond Resources Sdn Bhd
Nature of interest
Indirect
Price Transacted ($$)

Total no of securities after change

Direct (units)
0
Direct (%)
Indirect/deemed interest (units)
0
Indirect/deemed interest (%)
Date of notice 08 May 2015



BERTAM - Changes in Sub. S-hldr's Int. (29B) - GAN SEE HING

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name BERTAM ALLIANCE BERHAD
Stock Name BERTAM
Date Announced 08 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-08052015-00084

Particulars of substantial Securities Holder

Name GAN SEE HING
Address No. 5, Jalan SS 14/7C
Subang Jaya
47500 Selangor
Malaysia.
NRIC/Passport No/Company No. 501212055093
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Bond Resources Sdn Bhd Lot 4.100, 4th Floor Wisma Central Jalan Ampang 50450 Kuala Lumpur

Details of changes

Currency:

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 26 Mar 2015
5,400,000
Disposed 31 Mar 2015
12,000,000

Circumstances by reason of which change has occurred Disposal
Nature of interest Indirect
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
Date of notice 08 May 2015



BERTAM - Changes in Sub. S-hldr's Int. (29B) - BOND RESOURCES SDN BHD

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name BERTAM ALLIANCE BERHAD
Stock Name BERTAM
Date Announced 08 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-08052015-00087

Particulars of substantial Securities Holder

Name BOND RESOURCES SDN BHD
Address Lot 4.100, 4th Floor, Wisma Central, Jalan Ampang
Kuala Lumpur
50450 Wilayah Persekutuan
Malaysia.
NRIC/Passport No/Company No. 108801 H
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary Shares of RM1.00 each
Name & address of registered holder Bond Resources Sdn Bhd Lot 4.100, 4th Floor Wisma Central Jalan Ampang 50450 Kuala Lumpur

Details of changes

Currency:

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 26 Mar 2015
5,400,000
Disposed 31 Mar 2015
12,000,000

Circumstances by reason of which change has occurred Disposal
Nature of interest Direct
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change
Date of notice 08 May 2015



YOKO - General Meetings: Outcome of Meeting

Announcement Type: General Meeting
Company Name YOKOHAMA INDUSTRIES BERHAD
Stock Name YOKO
Date Announced 08 May 2015
Category General Meeting
Reference Number GMA-08052015-00007

Type of Meeting Annual General Meeting
Indicator Outcome of Meeting
Date of Meeting 08 May 2015
Time 10:00:00 AM
Venue
Auditorium, Lot 1238, Batu 23,
Jalan Kachau, Semenyih-Sg. Lalang,
43500 Semenyih, Selangor Darul Ehsan
Outcome of Meeting

The Board of Directors of Yokohama Industries Berhad is pleased to announce that at the Annual General Meeting of the Company held today, 8 May 2015, the shareholders duly approved all the resolutions tabled thereat.

 

This announcement is dated 8 May 2015.






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