Key Developments: Formis Resources Bhd (FMSR.KL)
0.46MYR
12:26am EDT
RM0.01 (+2.22%)
RM0.46
RM0.46
RM0.46
RM0.46
98,000
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Latest Key Developments (Source: Significant Developments)
Formis Resources Bhd's Subsidiary Announces Acquisition Of Remaining Ordinary Shares Of Microlink Solutions Bhd
Formis Resources Bhd announced that voluntary take-over offer by Formis Holdings Berhad, a wholly-owned subsidiary of FRB, to acquire the following all the remaining ordinary shares of MYR0.10 each in Microlink Solutions Berhad (microlink) (microlink shares) which are not already owned by FHB; and all the new Microlink shares that may be allotted and issued up to the close of the offer (as defined herein) pursuant to the exercise of any outstanding options granted under Microlink’s existing Employee Share Option Scheme (ESOS) for a cash consideration of MYR0.60 for every one (1) microlink share. RHB Investment Bank act as the underwriter of the transaction. The closing date and time of the Offer has been extended from June 19, 2013 to July 9, 2013 (Extended Closing Date), unless otherwise extended by the Offeror subject to the provisions of the Malaysian Code on Take-Overs And Mergers 2010 (Code). Full Article
Formis Resources Bhd's Formis Holdings Berhad Acquires First Solution Sdn Bhd
Formis Resources Bhd announced that with reference to the earlier announcement regarding the execution of Shares Sale Agreement in respect of 49% of the issued and paid-up capital of First Solution Sdn Bhd (FSSB). The Board of Directors of Formis Resources Berhad (FRB) announced that the acquisition of the remaining 343,000 ordinary shares of RM1.00 each in FSSB by Formis Holdings Berhad (FHB) has been completed on June 14, 2013. Accordingly, FSSB is now a wholly owned subsidiary of FHB. Full Article
Formis Resources Bhd Does Not Recommend Dividend
Formis Resources Bhd announced that no dividends have been recommended during the financial year ended March 31, 2013. Full Article
Formis Resources Bhd Announces Ownership Interest Of Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas
Formis Resources Bhd announced that Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas has a holding interest of 35,097,440 ordinary shares representing 18.88% of issued share capital of the Company. Earlier Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas had an interest of 8.94% of issued share capital of the Company. Full Article
Formis Resources Bhd Announces Ownership Interest Of Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas
Formis Resources Bhd announced that Tan Sri Dato' Seri Megat Najmuddin Bin Datuk Seri Dr. Hj. Megat Khas has an interest of 16,625,290 (units), representing 8.94% of shares of the Company. Full Article
Formis Resources Bhd Announces Ownership Interest Of Dato' Mah Siew Kwok
Formis Resources Bhd announced that Dato' Mah Siew Kwok has an interest of 40,634,781 (units), representing 21.86% of shares of the Company. Full Article
Formis Resources Bhd Incorporates Formis Research & Development Sdn Bhd
Formis Resources Bhd announced the incorporation of a wholly owned subsidiary, Formis Research & Development Sdn Bhd (FRDev), on January 16, 2013. The authorized share capital of FRDev is MYR 100,000.00 comprising 100,000 ordinary shares of MYR 1.00 each of which MYR 2.00 comprising two ordinary shares of MYR 1.00 each has been issued and fully paid-up. FRDev is currently dormant and the intended principal activity is to carry on the business of information technology software research, product development, maintenance, systems integration distribution and other related services both locally and internationally. Full Article
Formis Resources Bhd's Subsidiary Executes Investment Agreement, Shareholders' Agreement And Option Agreement
Formis Resources Bhd announced that its wholly owned subsidiary, Continuous Network Advisers Sdn Bhd (CNA), has on October 17, 2012, entered into Investment Agreement with Yakimbi Sdn Bhd (Yakimbi), Andrew Christopher Campbell Diamond (AD), Bubblegum Sdn Bhd (Bubblegum), Dato’ Gan Nyap Liou @ Gan Nyap Liow (Dato’ Gan), Hector William Ingram (HI) and Tan Swee Im (TSI) for the subscription of 1,000,000 new ordinary shares of MYR 1.00 each in the share capital of Yakimbi by CNA in four (4) tranches at MYR 3.00 per shares for MYR 3,000,000.00. Upon completion of the subscription, the Company will hold an aggregate of 40% equity interest in Yakimbi. CNA also signed Shareholders’ Agreement with AD, Bubblegum, Dato’ Gan, HI and TSI to regulate their relationships as shareholders of Yakimbi and the management and operation of Yakimbi, which will be undertaking the business of providing secure mobile collaboration and storage solutions in the cloud. CNA also signed Option Agreement with Bubblegum, Dato’ Gan, HI and TSI to grant the right to CNA to require the existing shareholders (other than CNA) of Yakimbi to sell 275,000 ordinary shares of MYR 1.00 each in Yakimbi (Option Shares) to CNA at the option price of MYR 3.00 per ordinary share totaling MYR 825,000.00 during the Call Option period in accordance with the Option Agreement. Upon completion of the subscription and the acquisition of Option Shares, the Company will hold an aggregate of 51% equity interest in Yakimbi. Full Article
Formis Resources Bhd Announces Resignation Of Managing Director
Formis Resources Bhd announced the resignation of Mr. Chan Ngow as Company's Managing Director effective May 31, 2012. Full Article
Formis Resources Bhd's Formis Holdings Berhad Acquires 20% Equity Interest In Microlink Solutions Berhad
Formis Resources Berhad (FRB) announced that Formis Holdings Berhad (FHB), a wholly-owned subsidiary of FRB, has on May 16, 2012 acquired 25,483,100 ordinary shares of MYR 0.10 each (Shares) in Microlink Solutions Berhad (MSB) representing 20% of the total issued and paid-up share capital of MSB from Technology World Company (TWC) for a total cash consideration of MYR 4,586,958.00 (Acquisition). Full Article
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