June 3, 2010

Company announcements: CIHLDG, MFCB, GENTING-CM, IJM, MUIPROP, SIME, NAMFATT, GLOMAC, NVMULTI, COMPUGT

CIHLDG - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: C.I. HOLDINGS BERHAD
Stock Name: CIHLDG
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: C. I. Holdings Berhad ("CIHB" or "the Company")
- PROPOSED PURCHASE OF LAND AND WAREHOUSE IN BANGI INDUSTRIAL ESTATE, BANDAR BARU BANGI, SELANGOR DARUL EHSAN

Contents: Introduction

The Board of Directors of CIHB wishes to announce that Permanis Sdn Bhd (Company No. 15978-V), a wholly-owned subsidiary of the Company ("the Purchaser") had on 3 June 2010 entered into a sale and purchase agreement ("the Agreement") with Bayplex Realty Sdn Bhd (Company No. 737043-W) ("the Vendor") for the purchase of a piece of land together with a warehouse erected thereon in Bangi Industrial Estate, Bandar Baru Bangi, Selangor Darul Ehsan ("the Property") for a total purchase consideration of RM29,500,000-00 ("the Purchase Consideration") (hereinafter referred to as "the Proposed Purchase").

Information on the Property

The Property comprising a piece of land held under H.S.(D) 14685 PT No. 11441, Mukim Kajang, District Ulu Langat, State of Selangor Darul Ehsan measuring approximately 6.3086 hectares (15.5889 acres or 679,052 sq ft) together with a warehouse erected thereon and known as No. 7, Jalan P/2A, Bangi Industrial Estate, 43630 Bandar Baru Bangi, Selangor Darul Ehsan.

On the Property's 679,052 sq ft of land, there is an existing warehouse with built up area of 252,458 sq ft and 426,594 sq ft of vacant land. Of the 252,458 sq ft of built up warehouse space 84% is currently tenanted.

The Property is currently charged to EON Bank Berhad vide presentation no. 60817/2007 dated 30 July 2007.

The Property is subject to the following restriction-in-interest and express conditions :-

Restriction-in-interest

"Tanah yang diberi milik ini tidak boleh dipindah milik, dipajak atau digadai melainkan dengan kebenaran Pihak Berkuasa Negeri."

The Property was acquired by the Vendor about three (3) years ago in year 2007 at a cost of investment of approximately RM 21,500,000-00. The net book value of the Property in the books of the Vendor based on the Vendor's latest audited accounts as at 31 December 2008 is approximately RM23,806,110-00.

Information on the Vendor

The Vendor is a company incorporated in Malaysia with its principal business activity in property investment and holding.

Salient Terms of the Agreement

The Agreement shall be conditional upon the Vendor at its own costs and expenses, obtaining the consent from the relevant state authority ("the State Authority") to transfer the Property to the Purchaser ("the State Authority's Consent") within six (6) months from the date of the Agreement or such extended period as the parties may agree upon in writing ("the Conditional Period").

In the event that the State Authority's Consent cannot be obtained by the Vendor within the Conditional Period, the Agreement shall become null and void whereupon :-

(i) the Deposit of RM2,950,000-00 shall be refunded absolutely to the Purchaser; and

(ii) both parties shall have no further claim whatsoever against the other on any matter in respect of the Agreement save for any antecedent breach.

Purchase Consideration

The Purchase Consideration of RM29,500,000-00 were all arrived at through negotiations on a "willing-buyer willing-seller" basis after comparing with the current property prices in the vicinity of the Property. On the 20th day of October 2009, Raine and Horne valued the said property at RM30,000,000-00.

Pursuant to the terms of the Agreement, the Purchase Consideration shall be paid by the Purchaser to the Vendor in the following manner:-

(i) the sum of RM590,000-00 being earnest deposit paid by the Purchaser to the Vendor prior to the execution of the Agreement ("the Earnest Deposit");

(ii) the balance deposit sum of RM2,360,000-00 shall be deposited by the Purchaser to the Vendor's solicitor upon execution of the Agreement ("the Balance Deposit"). [The Earnest Deposit and the Balance Deposit amounting to RM2,950,000-00 equivalent to 10% of the Purchase Consideration shall be referred to as "the Deposit"]; and

(iii) the sum of RM26,550,000-00 being the balance of the purchase price equivalent to 90% of the Purchase Consideration ("the Balance Purchase Price") shall be paid by the Purchaser to the Vendor's solicitors as stakeholders within three (3) months from the Unconditional Date ("the Completion Date") and in the event the Purchaser fails to pay the Vendor the Balance Purchase Price or any part thereof with the Completion Date, the Vendor shall grant to the Purchaser an extension of one month from the expiry of the Completion Date ("the Extended Completion Date") in consideration whereof the Purchaser shall pay interest at the rate of 8% per annum calculated on daily basis on the Balance Purchase Price daily whereas the outstanding calculated from the first day of the Extended Completion Date until the date of full payment thereof.

Source of Payment of the Purchase Consideration

The Purchase Consideration shall be financed by internally generated funds and bank borrowings in the following estimated proportions:-

Internal funds RM3,500,000-00

Bank loan RM26,0000,000-00

Expected Completion

The Proposed Purchase is expected to be completed within six (6) months from the date of the Agreement.

Rationale for the Proposed Purchase

The Purchaser is in need of a large warehouse ideally located close to its Bangi plant to cater for its current and future warehouse needs.

Due to the dramatic growth of Purchaser's business in the past few years, its current warehouse requirements of up to 200,000 sq ft are already significantly in excess of its 80,000 sq ft of in-house warehouse capacity at its Bangi plant. As such, the Purchaser currently utilizes various 3rd party �??overflow' warehouses to supplement its in-house warehouse capacity. As suitable overflow warehouse space in Bangi is scarce, the Purchaser has had no choice but to utilize 3 different overflow warehouses located 35-45 km from its Bangi plant.

The Proposed Purchase represents a rare opportunity to acquire a site where the Purchaser can consolidate its future overflow warehouse requirements in one location that is only 400m from its existing Bangi plant and in so doing reduce shunting and other logistics costs.

The Proposed Purchase can address the Purchaser's long term warehouse needs in the following ways :-

(i) The Purchaser can opt to progressively takeover portions of the existing 252,458 sq ft of built-up warehouse space upon the expiry of the existing tenancies over the coming years, and/or

(ii) The Purchaser can opt to build additional warehouse capacity on the 426,594 sq ft of vacant land on the Property.

Effects of the Proposed Purchase

The Proposed Purchase is expected to be slightly earnings per share accretive immediately given that the rental income from the tenants of the existing 252,458 sq ft built up area is enough to fund all property related outgoings as well as service the interest payments for the loan used to fund the acquisition.

In the future, as the Purchaser utilises more and more of the Property for its own warehouse requirements, the impact on earnings per share is expected to improve further as the Purchaser realises the aforementioned savings in shunting and logistics costs.

The Proposed Purchase will have no effect on the share capital and the substantial shareholders' shareholdings of CIHB.

The Proposed Purchase will also have no material effect on the net assets per share of CIHB.

Given that the Proposed Purchase will be partly funded by bank borrowings, it will have an impact on the Group's gearing.

There are no liabilities (including contingent liabilities and guarantees) expected to be assumed by the Purchaser arising from the Proposed Purchase.

Condition of the Proposed Purchase

Save and except those stated under Salient Terms of the Agreement, the Proposed Purchase is not subject to the approval of the Shareholders of the Company or any other government authorities.

Interest of Directors, Major Shareholders and Persons connected with them

None of the Directors and/or major shareholders and/or persons connected with them have any interest, whether direct or indirect, in the Proposed Purchase.

Directors' Statement

The Board of Directors of the Company is of the opinion that the Proposed Purchase is in the best interest of the CIHB Group.

Percentage Ratio

Pursuant to Paragraph 10.02(g) Chapter 10 of the Main Market Listing Requirements, the highest percentage ratio applicable to the Proposed Purchase based on CIHB's audited financial statements for the financial year ended 30 June 2009 is 22.22% i.e. the value of the Property compared with the net assets of the Company.

Inspection of Documents

A copy of the Agreement is available for inspection at CIHB's registered office at Level 10, Menara Yayasan Tun Razak, No. 200, Jalan Bukit Bintang, 55100 Kuala Lumpur from Mondays to Fridays between 9.00 a.m. to 5.30 p.m. (exclude public holidays) for a period of 14 days from the date of this announcement.

This announcement is dated 3 June 2010.


MFCB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 03/06/2010

Announcement Detail:
Date of buy back: 03/06/2010

Description of shares purchased: Ordinary shares of MYR1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 20,000

Minimum price paid for each share purchased ($$): 1.600

Maximum price paid for each share purchased ($$): 1.610

Total consideration paid ($$): 32,365.42

Number of shares purchased retained in treasury (units): 20,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 12,461,400

Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.14

Remarks: This announcement is dated 3 June 2010.


GENTING-CM - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Name: GENTING-CM: CW GENTING BERHAD (OSK)
Stock Name: GENTING-CM
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: OSK INVESTMENT BANK BERHAD ("OSK")

EXPIRY OF NON-COLLATERALISED AMERICAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTING-CM")

Contents: EXPIRY OF NON-COLLATERALISED AMERICAN-STYLE CASH SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING BERHAD ("GENTING") ("GENTING-CM")


IJM - General Announcement

Announcement Type: General Announcement
Company Name: IJM CORPORATION BERHAD
Stock Name: IJM
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: Principal Officer's Disclosure of Dealings in Securities pursuant to Paragraph 14.09 of the Listing Requirements

Contents: The following Principal Officer has given notice of his dealings in the securities of the Company:-


MUIPROP - MUI PROPERTIES BERHAD ("MPB") NOTICE OF FORTY-FOURTH ANNUAL GENERAL MEETING ("44TH AGM")

Announcement Type: General Announcement
Company Name: MUI PROPERTIES BERHAD
Stock Name: MUIPROP
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: MUI PROPERTIES BERHAD ("MPB")
NOTICE OF FORTY-FOURTH ANNUAL GENERAL MEETING ("44TH AGM")

Contents: We wish to announce that the 44th AGM of MPB will be held at Ballroom 1, Corus Hotel Kuala Lumpur, Jalan Ampang, 50450 Kuala Lumpur on Monday, 28 June 2010 at 3.00 p.m.

Please refer to the attached file for the full text of the notice of AGM.

Attachments: MUIP - Notice of AGM.pdf


SIME - General Announcement

Announcement Type: General Announcement
Company Name: SIME DARBY BERHAD
Stock Name: SIME
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: Deregistration of Parts Link Trading Company Limited
Announcement pursuant to Chapter 9.19(24) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements)

Contents: Sime Darby Berhad (Sime Darby) wishes to announce that further to the application for deregistration made by Parts Link Trading Company Limited (PLTC), a dormant subsidiary of Sime Darby, PLTC had on 3 June 2010, received notification from the Registrar of Companies in Hong Kong that it had been deregistered with effect from 28 May 2010.

The deregistration of PLTC will not have a material effect on the earnings and net assets of the Sime Darby Group for the year ending 30 June 2010. None of the Directors or substantial shareholders of Sime Darby or persons connected to them has any interest, direct or indirect, in the said deregistration.

This announcement is dated 3 June 2010.


NAMFATT - General Announcement

Announcement Type: General Announcement
Company Name: NAM FATT CORPORATION BERHAD
Stock Name: NAMFATT
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: Nam Fatt Corporation Berhad ("Nam Fatt" or "the Company")
- Extension of Ad Interim Restraining Order ("Ad Interim RO")

Contents: Further to the Company's announcement dated 18 March 2010 on the Ad Interim RO granted to the Company and 4 of its subsidiary companies ("Scheme Companies") by the Shah Alam High Court ("Court") pursuant to the application by the Scheme Companies under Section 176(10) of the Companies Act, 1965, the Company wishes to announce that the Court has granted a further Ad Interim RO pending the hearing of the Originating Summons on 9 July 2010.

This announcement is dated 03 June 2010.


GLOMAC - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 03/06/2010

Announcement Detail:
Date of buy back: 03/06/2010

Description of shares purchased: Ordinary shares of RM1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 58,100

Minimum price paid for each share purchased ($$): 1.250

Maximum price paid for each share purchased ($$): 1.260

Total consideration paid ($$): 73,167.24

Number of shares purchased retained in treasury (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 4,563,100

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.53


NVMULTI - NOTICE OF NINETEENTH ANNUAL GENERAL MEETING - ADDENDUM

Announcement Type: General Announcement
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: NOTICE OF NINETEENTH ANNUAL GENERAL MEETING - ADDENDUM

Contents: Further to the announcement on 2 June 2010 pertaining to Notice of Nineteenth Annual General Meeting ("19th AGM"), the Board of Directors of NV Multi Corporation Berhad wishes to announce the Addendum to the Notice of 19th AGM in relation to the Explanatory Notes on Special Business. Please refer to the attached file for full text of the Addendum.

Attachments: NVMulti-ADDENDUMNOTICE-2010.pdf


COMPUGT - General Announcement

Announcement Type: General Announcement
Company Name: COMPUGATES HOLDINGS BERHAD
Stock Name: COMPUGT
Date Announced: 03/06/2010

Announcement Detail:
Type: Announcement

Subject: Compugates Holdings Berhad ("Compugates" or "the Company")
- Notification by Principal Officer pursuant to Paragraph 14.09 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa") in respect of dealings outside closed period

Contents: We wish to announce that the Company had been notified of the following dealing by the following Principal Officer of the Company pursuant to Paragraph 14.09 of Bursa's Listing Requirements:-



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