May 13, 2015

Company announcements: WILLOW, IRIS, DAYA, SMTRACK, FBMKLCI-EA, MAYBANK, ASB, KULIM, GAB, HLIND

WILLOW - Notice of Shares Buy Back by a Company Pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name WILLOWGLEN MSC BERHAD
Stock Name WILLOW
Date Announced 13 May 2015
Category Notice of Shares Buy Back by a Company Pursuant to Form 28A
Reference Number SB2-12052015-00001

Date of buy back from 06 May 2015
Date of buy back to 06 May 2015
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 10,000
Minimum price paid for each share purchased ($$) 0.910
Maximum price paid for each share purchased ($$) 0.910
Total amount paid for shares purchased ($$) 9,100.00
The name of the stock exchange through which the shares were purchased Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units) 10,000
Total number of shares retained in treasury (units) 4,623,400
Number of shares purchased which were cancelled (units) 0
Total issued capital as diminished 0
Date lodged with registrar of companies 13 May 2015
Lodged by Securities Services (Holdings) Sdn. Bhd.




IRIS - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS IRIS KOTO (M) SDN. BHD'S SALE OF ITS ENTIRE 900 ORDINARY SHARES HELD IN IPE INSULATION (M) SDN. BHD. (IPE), REPRESENTING 90% EQUITY INTEREST IN IPE, FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA ONE MILLION FIVE HUNDRED THOUSAND (RM1, 500,000.00)

Announcement Type: General Announcement for PLC
Company Name IRIS CORPORATION BERHAD
Stock Name IRIS
Date Announced 13 May 2015
Category General Announcement for PLC
Reference Number GA1-13052015-00057

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
IRIS KOTO (M) SDN. BHD'S SALE OF ITS ENTIRE 900 ORDINARY SHARES HELD IN IPE INSULATION (M) SDN. BHD. (IPE), REPRESENTING 90% EQUITY INTEREST IN IPE, FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA ONE MILLION FIVE HUNDRED THOUSAND (RM1, 500,000.00)

IRIS KOTO (M) SDN. BHD’S SALE OF ITS ENTIRE 900 ORDINARY SHARES HELD IN IPE INSULATION (M) SDN. BHD. (“IPE”), REPRESENTING 90% EQUITY INTEREST IN IPE, FOR A TOTAL CASH CONSIDERATION OF RINGGIT MALAYSIA ONE MILLION FIVE HUNDRED THOUSAND (RM1, 500,000.00) ONLY UNDER A SHARE SALE AGREEMENT DATED 31st MARCH 2015

         

1.       INTRODUCTION

The Board of Directors of  IRIS Corporation  Berhad (“ICB”) wishes  to announce that it’s subsidiary IRIS KOTO (M) Sdn. Bhd. (“IRIS KOTO”)  had on 31st March, 2015 entered into a Share Sale Agreement  (“SSA”) with  the Purchasers for the sale of 900 ordinary shares representing 90% of  the issued  and allotted ordinary shares  of  IPE Insulation (M) Sdn Bhd (“IPE”) (hereinafter referred to as the “Sale Shares”)  for  a total cash consideration of  Ringgit Malaysia One Million Five Hundred Thousand  (RM1,500,000.00) only. (“Purchase Price”).

2.       INFORMATION ON IPE INSULATION (M) SDN BHD (‘IPE”)

IPE INSULATION (M) SDN. BHD. (Company No: 949085-K) is a company duly incorporated under the laws of Malaysia having its place of business at Lot 825 D & E, Kg Baru Sungai Buloh, 47000 Sungai Buloh, Selangor Darul Ehsan and is in the business of manufacturing, supplying and trading in styrofoam products and consumable parts.

IPE has an authorized capital of RM1,000 divided into 1000 ordinary shares at the rate of  RM1.00 each and a total paid up of RM1,000 to this date hereof. IRIS KOTO is the beneficial and registered owner of 900 ordinary shares of RM1.00 each representing 90% of IPE shareholdings and the remaining 100 representing 10% is held by the Second Purchaser.

With the completion of the sale under this Share Sale Agreement IPE will cease to be a subsidiary of the IRIS Group.

The Present Directors of IPE are:-

  1. Datuk Tan Say Jim (Malaysian)

  2. Dato’ Lee Kwee Hiang (Malaysian)

3.       SALIENT TERMS

The salient terms in the Agreement are as follows:-

(I)      IRIS KOTO agrees to sell and transfer  50% of  IPE’s  ordinary shares  to the First Purchaser and the remaining 40% IPE ordinary shares to the Second Purchaser (the Sale Shares) and after the purchase the shareholding  shall be as described below: -

 Shareholders

Number of Ordinary Shares

Percentage (%)

First Purchaser

500

50

Second Purchaser

500

50 (10% including the existing 100 ordinary shares

Total

1000

100

 

(II)     The Purchasers  agree to pay IRIS KOTO a  the total Purchase Consideration for the Sale Shares to the amount of RM1,500,000 in the agreed manner as described below and subject to and in accordance to the terms and conditions of this Agreement .

Tranches

Milestones

Amount (RM)

 

1st Tranche

 

Upon signing of this SSA

 Before 15th April 2015

 

10% of the Purchase Consideration

150,000

2nd Tranche

30th June, 2015

150,000

3rd Tranche

30th September, 2015

150,000

4th Tranche

31st December, 2015

150,000

5th Tranche

31st March, 2016

150,000

6th Tranche

30th June,2016

150,000

7th Tranche

30th September, 2016

150,000

8th Tranche

31st December, 2016

150,000

9th Tranche

31st March,2017

150,000

10th Tranche

30th June, 2017

150,000

TOTAL

 

1,500,000

 

(III)    Parties herein agree that notwithstanding payment of the Purchase Consideration at the value of RM1,500,000 IRIS KOTO has agreed to allow the Purchasers to retain the Identifiable Assets  held in IPE valued to the sum of Malaysian Ringgit One Million Four Hundred Sixty Nine Thousand Three Hundred Fifty Eight  and cents Sixty Four only  (RM1,469,358.64)  and Purchasers have agreed to  repay the liabilities  currently held in IPE  valued to the sum of Ringgit Malaysia One Hundred Eighty Four Thousand  Three Hundred Ninety Seven and cent Ninety Eight only(RM184,397.98) as part thereof the said Purchase Consideration.

(IV)    IRIS KOTO shall retain the Documents for safekeeping pending full payment of the Purchase Consideration by the Purchasers to IRIS KOTO. IRIS KOTO shall be responsible for all company secretarial matters to effect the transfer of the Share Sale upon the payment of the 1st Tranche by the Purchasers to IRIS KOTO rendering the First Purchaser and the Second Purchaser as the 50% shareholders respectively of IPE from that date thereof.(“Completion Date”)

4.       FINANCIAL EFFECTS OF THE SALE OF SHARES

The sale of the Sale Shares will not have any material effect on ICB’s earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings for the financial year ended on 31st March 2015.

5.       APPROVAL REQUIRED

The sale of Sale Shares is not subject to the approval of the shareholders of ICB or any relevant government authorities.

6.       RATIONALE OF THE AGREEMENT

The disposal will enable the ICB Group to realise the value of its investments and is line with its objective to dispose part of its immaterial non-core assets and to streamline its operations.

7.       PROPOSED UTILISATION OF PROCEEDS

The proceeds from the transaction will be utilised as working capital of the ICB Group.

8.       HIGHEST PERCENTAGE RATIO

The highest percentage ratio applicable to this Disposal pursuant to Rule 10 of the ACE Market Listing Requirements is 1.85%.

9.       APPROVAL REQUIRED

The proposed disposal is not subject to the approval of the shareholders of ICB.

10.     DIRECTORS’ AND SUBSTANTIAL SHAREHOLDERS’ INTEREST

None of the directors and substantial shareholders of the Company, or persons connected with them, have any interest, direct or indirect in the above transaction.

11.     STATEMENT OF DIRECTORS

The Directors of ICB, having considered all aspects of the disposal, are of the opinion that the transaction is in the best interest of the Company.

12.     DEPARTURE FROM THE SECURITIES COMMISSION’S GUIDELINES

To the best knowledge of the Board, the transaction has not departed from the Securities Commission’s Policies and Guidelines on Issues/ Offers of Securities.

13.    DOCUMENTS FOR INSPECTION

The Agreement shall be available for inspection at the registered office of ICB during office hours at Level 18, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, and 59200 Kuala Lumpur for a period of three (3) months from the date of this announcement.

This announcement is dated 13th May, 2015.

 






DAYA - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS DAYA MATERIALS BERHAD ("DMB" or "the Company") PROPOSED DISPOSAL OF UP TO 50.0% EQUITY INTEREST IN DAYA CMT SDN BHD (DCMT) COMPRISING THE: (I) PROPOSED DISPOSAL OF 19.0% EQUITY INTEREST IN DCMT; AND (II) PROPOSED FURTHER DISPOSAL OF UP TO 31% EQ

Announcement Type: General Announcement for PLC
Company Name DAYA MATERIALS BERHAD
Stock Name DAYA
Date Announced 13 May 2015
Category General Announcement for PLC
Reference Number GA1-13052015-00053

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
DAYA MATERIALS BERHAD ("DMB" or "the Company") 

PROPOSED DISPOSAL OF UP TO 50.0% EQUITY INTEREST IN DAYA CMT SDN BHD (DCMT) COMPRISING THE:

(I) 	PROPOSED DISPOSAL OF 19.0% EQUITY INTEREST IN DCMT; AND

(II) 	PROPOSED FURTHER DISPOSAL OF UP TO 31% EQ

Reference is made to the announcement on 28 April 2015 in relation to the proposed disposal of 50.0% interest in Daya CMT Sdn Bhd (“Announcement”). For consistency, the abbreviations used throughout this announcement are the same as those previously defined in the Announcement.

On behalf of the Board of Directors of DMB (“Board”), Hong Leong Investment Bank Berhad (“HLIB”) wishes to announce that DMB had on 13 May 2015 received a supplemental letter from PPSB stating amongst others, that the call option notice dated 28 April 2015 (“Old Call Option Notice”), is with immediate effect cancelled, nullified and voided and is deemed not having been served (“Revised Letter from PPSB”).

Upon further review of DCMT’s financing plans and requirements in the near term and the financial support it needs to execute its various projects, it has been mutually agreed between the two parties that PPSB will withdraw the Old Call Option Notice and embark on the Proposed Disposal (as defined below) instead.

DMB had on 13 May 2015 agreed and accepted the Revised Letter from PPSB. Pursuant to the Revised Letter from PPSB:

(i) The Company also received a call option notice from PPSB stating its intention to exercise the Revised Call Option requiring the Company to sell and transfer 1,520,000 DCMT Shares, representing 19.0% equity interest in DCMT, to PPSB for a disposal consideration of RM11.4 million based on the revised call option price of RM7.50 per DCMT Share (“Revised Call Option Price”) in accordance with the terms and conditions of the share sale agreement dated 28 April 2014 (“SSA”). (“Proposed Initial Disposal”); and

(ii) Subsequent to the completion of the Proposed Initial Disposal, PPSB is still entitled to require DMB to sell and transfer the remaining Revised Call Option Shares of 2,480,000 DCMT Shares, representing 31.0% equity interest in DCMT, to PPSB at the Revised Call Option Price (“Proposed Further Disposal”).

The Proposed Initial Disposal and the Proposed Further Disposal are collectively referred to as the “Proposed Disposal”.

Upon completion of the Proposed Initial Disposal, DCMT will be a 51%-owned subsidiary of DMB and the balance 49.0% equity interest will be held by PPSB.

The other salient terms and conditions of the Revised Letter from PPSB are as follows:

(i) the Revised Letter from PPSB shall commit and bind PPSB to purchase and commit and bind DMB to sell the number of Revised Call Option Shares at the Revised Call Option Price, in accordance with the terms and conditions of the SSA;

(ii) for the avoidance of doubt, subsequent to the completion of the aforesaid sale, pursuant to the Revised Call Option, PPSB are still entitled to require DMB to sell and transfer the remaining Revised Call Option Shares (being 2,480,000 DCMT Shares representing a further 31% equity interest in DCMT) to PPSB at the Revised Call Option Price. For the avoidance of doubt, pursuant to Clause 9(n) of the SSA, DMB has inter alia undertaken “to provide continued financial guarantees and support to all of DCMT’s existing and new banking facilities such that (i) existing facilities are not unduly withdrawn or terminated and (ii) new facilities can be secured”. The said undertaking remains valid and binding on DMB; and

(iii) DMB agrees not to permit DCMT to declare and/or pay any dividends without PPSB’s written consent.

All other terms and conditions of the SSA, the Letter from PPSB and the Call Option (as supplemented and revised by mutual agreement) remain unchanged.

This announcement is dated 13 May 2015.






SMTRACK - Change in Audit Committee - RIZVI BIN ABDUL HALIM

Announcement Type: Change in Audit Committee
Company Name SMTRACK BERHAD
Stock Name SMTRACK
Date Announced 13 May 2015
Category Change in Audit Committee
Reference Number C02-13052015-00005

Date of change 13 May 2015
Name Encik RIZVI BIN ABDUL HALIM
Age 46
Nationality Malaysia
Type of change Appointment
Designation Member of Audit Committee
Directorate Independent and Non Executive
Composition of Audit Committee (Name and Directorate of members after change)
1. Mr Chen Shien Yee - Chairman, Independent Non-Executive Director

2. Dr. Lim Boh Soon - Member, Independent Non-Executive Director 

3. Dato' Sri Hj Mohamed Khalid Bin Yusuf @ Yusup - Member, Non-Independent Non-Executive Chairman

4. Encik Rizvi Bin Abdul Halim - Member, Independent Non-Executive Director



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 13 May 2015
Category General Announcement for PLC
Reference Number GA1-13052015-00061

Type Announcement
Subject NET ASSET VALUE / INDICATIVE OPTIMUM PORTFOLIO VALUE
Description
FTSE Bursa Malaysia KLCI etf - Valuation Point as at 13 May 2015

Fund: FTSE Bursa Malaysia KLCI etf

NAV per unit (RM): 1.8561

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: 1.803.02

 




Please refer attachment below.

Attachments

FBM KLCI etf 20150513.xls
6.7 kB



MAYBANK - Additional Listing Announcement

Announcement Type: Additional Listing Announcement
Company Name MALAYAN BANKING BERHAD
Stock Name MAYBANK
Date Announced 13 May 2015
Category Additional Listing Announcement
Reference Number ALA-13052015-00016

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal ESOS
No. of shares issued under this corporate proposal 106,700
Issue price per share ($$) Malaysian Ringgit (MYR)   8.7500
Par Value ($$) Malaysian Ringgit (MYR)   1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 9,328,495,883
Currency Malaysian Ringgit (MYR)
Listing Date 15 May 2015

2. Details of Corporate Proposal

Involve issuance of new type/class of securities ? No
Types of corporate proposal ESOS
Details of corporate proposal ESOS
No. of shares issued under this corporate proposal 85,800
Issue price per share ($$) Malaysian Ringgit (MYR)   8.8200
Par Value ($$) Malaysian Ringgit (MYR)   1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units 9,328,581,683
Currency Malaysian Ringgit (MYR)
Listing Date 15 May 2015



ASB - OTHERS ADVANCE SYNERGY BERHAD ("ASB") Announcement on the unaudited first quarter financial results by Captii Limited ("Captii"), an indirect 58.3%-owned subsidiary of ASB, to the Singapore Exchange Securities Trading Limited ("SGX")

Announcement Type: General Announcement for PLC
Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 13 May 2015
Category General Announcement for PLC
Reference Number GA1-07052015-00006

Type Announcement
Subject OTHERS
Description
ADVANCE SYNERGY BERHAD ("ASB")
Announcement on the unaudited first quarter financial results by Captii Limited ("Captii"), an indirect 58.3%-owned subsidiary of ASB, to the Singapore Exchange Securities Trading Limited ("SGX")

Pursuant to paragraph 9.19 (40) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), we wish to inform Bursa Securities that Captii, our subsidiary which is listed on the SGX, had on 13 May 2015 released their announcement on the unaudited first quarter financial results for the period ended 31 March 2015 to the SGX.

Please refer to the attached file for the said announcement made by Captii to the SGX.

This announcement is dated 13 May 2015.




Please refer attachment below.

Attachments

Captii 1Q2015 Results.pdf
1.4 MB



KULIM - Notice of Shares Buy Back Immediate Announcement

Announcement Type: Notice of Shares Buy Back Immediate Announcement
Company Name KULIM (MALAYSIA) BERHAD
Stock Name KULIM
Date Announced 13 May 2015
Category Notice of Shares Buy Back Immediate Announcement
Reference Number SB1-08052015-00007

Date of buy back 13 May 2015
Description of shares purchased Ordinary shares of RM0.25 each
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 90,000
Minimum price paid for each share purchased ($$) 2.570
Maximum price paid for each share purchased ($$) 2.580
Total consideration paid ($$)
Number of shares purchased retained in treasury (units)
Number of shares purchased which are proposed to be cancelled (units)
Cumulative net outstanding treasury shares as at to-date (units)
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 (%) 0.33000




GAB - Quarterly rpt on consolidated results for the financial period ended 31/03/2015

Announcement Type: Financial Results
Company Name GUINNESS ANCHOR BERHAD
Stock Name GAB
Date Announced 13 May 2015
Category Financial Results
Reference Number FRA-13052015-00014

Financial Year End 30 Jun 2015
Quarter 3 Qtr
Quarterly report for the financial period ended 31 Mar 2015
The figures have not been audited

Remarks :
This announcement is dated 13 May 2015.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2015

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31 Mar 2015
31 Mar 2014
31 Mar 2015
31 Mar 2014
$$'000
$$'000
$$'000
$$'000
1 Revenue
437,334
372,551
1,351,264
1,197,717
2 Profit/(loss) before tax
52,605
47,412
226,891
201,717
3 Profit/(loss) for the period
39,455
35,558
170,169
151,270
4 Profit/(loss) attributable to ordinary equity holders of the parent
39,455
35,558
170,169
151,270
5 Basic earnings/(loss) per share (Subunit)
13.06
11.77
56.33
50.07
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
20.00
20.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.3000
1.1800

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence




HLIND - Changes in Sub. S-hldr's Int. (29B) - KWEK LENG KEE

Announcement Type: Change in Substantial Shareholders Interest Pursuant to Form 29B
Company Name HONG LEONG INDUSTRIES BERHAD
Stock Name HLIND
Date Announced 13 May 2015
Category Change in Substantial Shareholders Interest Pursuant to Form 29B
Reference Number CS2-13052015-00018

Particulars of substantial Securities Holder

Name KWEK LENG KEE
Address 1B Dalvey Estate
259552
Singapore.
NRIC/Passport No/Company No. S0081561F
Nationality/Country of incorporation Singapore
Descriptions (Class & nominal value) Ordinary shares of RM0.50 each
Name & address of registered holder HLIB Nominees (Tempatan) Sdn Bhd

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Disposed 05 May 2015
26,600

Circumstances by reason of which change has occurred Deemed interest
Nature of interest Deemed interest
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change 242,848,003
Date of notice 12 May 2015


Remarks :
This announcement is dated 13 May 2015.


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