Key Developments: Flonic Hi-Tec Bhd (FHTC.KL)

FHTC.KL on Kuala Lumpur Stock Exchange

0.05MYR
18 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Flonic Hi-Tec Bhd announces rights issue
Sunday, 28 Sep 2014 08:00pm EDT 

Flonic Hi-Tec Bhd:Says renounce able rights issue of up to 524,902,678 new ordinary shares of 0.05 Ringgit each in Flonic together with up to 349,935,118 free detachable warrants.It is on the basis of one rights share for every one existing ordinary share of 0.05 Ringgit each in Flonic together with two warrants for every three rights shares subscribed on Oct. 15 at an issue price of 0.07 Ringgit per rights share payable in full upon acceptance.The ex-date Oct. 13.The entitlement date is Oct. 15.  Full Article

Flonic Hi-Tec Bhd announces ownership interest of Tan Siew Ching
Tuesday, 24 Dec 2013 05:36am EST 

Flonic Hi-Tec Bhd:Says Tan Siew Ching holds 46,161,824 number of securities which represents 11.55 pct of the direct units of the company.  Full Article

Flonic Hi-Tec Bhd updates on private placement
Tuesday, 10 Dec 2013 07:00pm EST 

Flonic Hi-Tec Bhd:Refers to announcement made on Sept. 27 and Nov. 08 in relation to the private placement.Says it has fixed the issue price at 0.085 malaysian ringgit per placement share to be issued pursuant to the private placement.  Full Article

Flonic Hi-Tec Bhd Announces Proposed Private Placement
Friday, 8 Nov 2013 04:44am EST 

Flonic Hi-Tec Bhd announced that it has issued up to 34,994,493 new ordinary shares of MYR0.10 each in Flonic representing not more than 10% of the enlarged issued and paid-up share capital of Flonic (excluding treasury shares) to be issued pursuant to the Private Placement.  Full Article

Flonic Hi-Tec Bhd Proposes Private Placement
Friday, 27 Sep 2013 06:12am EDT 

On behalf of the Board of Directors of Flonic Hi-Tec Bhd, M&A Securities Sdn Bhd announced that the Company proposes to implement a private placement of up to 34,994,493 new ordinary shares of MYR0.05 each in Flonic to independent third party investor(s) to be identified. As at the date of this announcement, Flonic has an issued and paid-up share capital of MYR17,497,246.55 comprising 349,944,931 Flonic Shares. The Proposed Private Placement will involve the issuance of up to 34,994,493 new Flonic Shares to independent third party investor(s) to be identified. The 34,994,493 Placement Shares represent 10% of the existing issued and paid-up share capital of the Company. Based on an indicative issue price of MYR0.10 per Placement Share, the Company is expected to raise gross proceeds amounting up to MYR3,499,449 from the Proposed Private Placement. The proceeds raised are expected to be utilised for Repayment of borrowings and Estimated expenses.  Full Article

Flonic Hi-Tec Bhd announces Ownership Interest Of Novatige Sdn Bhd
Tuesday, 6 Aug 2013 05:36am EDT 

Flonic Hi-Tec Berhad announced that Novatige Sdn Bhd has direct interest of 47,004,100 (units), which represents 13.43% of the total issued capital of the Company.  Full Article

M&A Securities Sdn Bhd Updates On Proposed Reduction In Flonic Hi-Tec Bhd's Issued And Paid-up Share Capital
Thursday, 20 Jun 2013 08:00pm EDT 

M&A Securities Sdn Bhd updated on the proposed reduction of Flonic’s existing issued and paid-up share capital from RM34,994,493 comprising 349,944,931 ordinary shares of MYR0.10 each in Flonic to MYR17,497,247 comprising 349,944,931 ordinary shares of MYR0.05 each in Flonic via the cancellation of MYR0.05 from the par value of each existing ordinary share of MYR0.10 each in Flonic pursuant to Section 64 the Companies Act, 1965.  Full Article

Flonic Hi-Tec Bhd's Jiwa Holdings Sdn. Bhd Receives Letter Of Award From Wesria Food Sdn. Bhd For Total Contract Sum Of MYR4,102,624.03
Wednesday, 29 May 2013 08:00pm EDT 

Flonic Hi-Tec Bhd announced that Jiwa Holdings Sdn. Bhd. (JHSB), a subsidiary company of Flonic, had on 29 May 2013 received the following Letter of Award from Wesria Food Sdn. Bhd. of No. 19, Pandan Business Park, Jalan Kg Pandan, Taman Maluri, Cheras, 55100 Kuala Lumpur, Wilayah Persekutuan (Wesria) for a total contract sum of RM4,102,624.03, subject to the terms and conditions as stated in the Letter of Award dated May 20, 2013 for the Direct Contract to Build (the Award). Wesria is the operator of the proposed food court located at Level 2M of the Kuala Lumpur International Airport 2 (KLIA 2) (hereinafter referred to as “the Project”). The salient features of the Award in relation to the Project are as follow:- Awards' Details - Renovation and Fit-Out Works (Excluding Kitchen Equipment [All Equipment and/or Services Related such as Hood, Exhaust, Fresh Air Supply, etc] CCTV and POS] to Level 2M, Kuala Lumpur International Airport 2 (KLIA 2); Date of Commencement - June 1, 2013;  Full Article

Flonic Hi-Tec Bhd Does Not Recommend Dividend
Thursday, 28 Mar 2013 05:37am EDT 

Flonic Hi-Tec Bhd announced that no dividend was declared or paid in the current quarter ended January 31, 2013.  Full Article

Flonic Hi-Tec Berhad Announces Proposed Acquisition Of 30% Equity Interest In JIWA HOLDINGS SDN BHD
Monday, 7 Jan 2013 05:00am EST 

Flonic Hi-Tec Berhad announced the proposed acquisition of 300,000 ordinary shares of MYR 1.00 each in JIWA HOLDINGS SDN BHD (JIWA) representing a 30% equity interest in JIWA for a total cash consideration of MYR 3.75 million.  Full Article

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