0029 DIGISTA, DIGISTAR CORPORATION BHD


Changes in Sub. S-hldr ''s Int. (29B)
26 Sep 2011, 17:49
Particular of Substantial Shareholder
Name Datuk Lee Wah Chong
NRIC/Passport No/Company No 580709-04-5219
Nationality/Country of Incorporation Malaysian

Change Detail
Change Date 26 Sep 2011

Transaction Detail
Transaction Type Date of Change No of Securities Price Transacted (RM)
Acquired 21 Sep 2011 1,450,000 0.000

No of Securities after Change
Direct Interest (units) 14,977,007
Direct Interest (%) 6.61
Indirect Interest (units) 45,316,733
Indirect Interest (%) 20.01
Total Share after Change 60,293,740

Submitted By :
MS TAN BEE HWEE 20110926CI00242EN



Why the Managing Director keep Acquired his company shares in this month ??


Any anwser for this ? Please advices thank you.

Pursuant to Rule no. 14.09(a) of the Ace Market Listing Requirements of Bursa Malaysia Securities Berhad, Digistar Corporation Berhad ("the Company") has received notification from Datuk Lee Wah Chong, the Managing Director of the Company in relation to the acquisition of ordinary shares in the Company, the details of which are set out in the table below.

Announcement Details/Table Section :


Date of Dealing
Description of Securities
Number of Securities Acquired
Price per Unit (RM)
% of Securities
21 September 2011
Ordinary Shares of RM0.10 each
1,450,000
0.43222
0.64
(Direct)






The managing director , Datuk Lee still hold higher
share price than the market price!

It should be no problem and going have a good news soon?

30 September 2011 was the date of annual report!!

This mean the Director , Datuk Lee purchase the share by himself right ?

Anyone have the news about 0029 Digistar ?

General Announcement
Reference No CK-110928-64412

Company Name       
:
DIGISTAR CORPORATION BERHAD (ACE Market)
Stock Name       
:
DIGISTA  
Date Announced       
:
28/09/2011  


Type       
:
Announcement
Subject       
:
OTHERS

Description       
:
Secured of IPTV Projects

Announcement Details/Table Section :


1. INTRODUCTION

The Board of Directors of Digistar Corporation Berhad ("Digistar" or "Company") is pleased to announce that its subsidiary, Digistar Rauland MSC Sdn Bhd (“DRMSB”) has secured two (2) separate contracts to implement IPTV services at two (2) hospitals in the Klang Valley. These two (2) IPTV projects comprised of the design, supply, installation, operate and maintenance of the IPTV system for a period of ten (10) years from their respective date of completion. These two (2) IPTV projects are expected to be completed within three (3) months.

2. FINANCIAL EFFECTS

These two (2) projects will not have any material effect on Digistar Group's Net Asset for the financial year ending 30 September 2011 and is expected to contribute positively to the future earnings of Digistar Group for the financial year ending 30 September 2012. These two (2) projects will be funded by internally generated funds. Therefore, they will not have any material effect on Digistar Group's gearing.

3. RISK FACTORS

Risk factors affecting the Contracts include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such projects. As such, the management believes that the Company is able to mitigate the abovementioned risk factors.

4. APPROVAL(S) REQUIRED

The acceptance of these two projects is not subject to the approval of the shareholders of the Company or any government authorities.

5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in these two (2) projects.

6. DIRECTORS' STATEMENT

The Board of Directors of Digistar is of the opinion that the above two (2) projects are in the ordinary course of business and the acceptance of these two (2) projects is in the best interest of the Company.

This announcement is dated 28 September 2011.

When they Gonna announce the upgrade to Main Board ?

DJ MARKET TALK: GS Ups Genting Singapore To Buy; Good Entry Point

Dow Jones Newswires | 23 Sep 2011 3:40pm

0740 GMT [Dow Jones] STOCK CALL: Goldman Sachs upgrades Genting Singapore (G13.SG) to Buy from Neural and raises its target price to S$2.22 from S$2.00, implying 35% upside potential. It says "we believe its recent pullback (down 25% year to date vs up 40% for Macau) offers a good entry point" noting the stock trades at 11.0X/8.8X FY11E/12E EV/EBITDA vs Macau at 12.8X/10.1X. It says 2012 looks promising for Genting Singapore, yet the stock is pricing in a 5% on-year decline in Singapore gaming revenue vs its forecast for a 17% rise. Goldman says "we think investors should be less influenced by quarterly swings and more focused on underlying trends." The house lists these trends as: new VIP Suites/Villas in Dec 2011/Feb 2012 and additional gaming salons; improving operational leverage with full staffing meaning cost base is unlikely to grow much as revenue rolls in; strong cash generation of S$1.3 billion/S$1.5 billion in 2011E/12E and potential for a dividend surprise; and the phased rollout of Junket licenses, not before 1H2012. Shares are down 0.6% at S$1.615. (matthew.allen@dowjones.com)

Company Name
:
DIGISTAR CORPORATION BERHAD (ACE Market)
Stock Name
:
DIGISTA
Date Announced
:
30/09/2011


Type
:
Announcement
Subject
:
OTHERS

Description
:
Further Information on Secured of IPTV Projects

Announcement Details/Table Section :

Further to the Company's announcement (Reference No. CK-110928-64412) dated 28 September 2011, the Board of Digistar Corporation Berhad ("DCB" or "the Company") wishes to announce that the total value of these two (2) IPTV contracts is approximately RM422,000-00 which will be payable evenly over 36 months period upon their completion. In addition to the contract amount, these two (2) IPTV contracts are expected to generate recurring income of approximately RM17,000-00 per month for the whole duration of the respective contracts.

This announcement is dated 30 September 2011.


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