June 7, 2010

Company announcements: JOHAN, MECHMAR

JOHAN - Notice of Eighty-fifth ("85th") Annual General Meeting

Announcement Type: General Announcement
Company Name: JOHAN HOLDINGS BERHAD
Stock Name: JOHAN
Date Announced: 07/06/2010

Announcement Detail:
Type: Announcement

Subject: Notice of Eighty-fifth ("85th") Annual General Meeting

Contents: The Board of Directors wishes to announce that the 85th Annual General Meeting of the Company will be held at George Kent Technology Centre, Lot 1115, Batu 15 Jalan Dengkil 47100 Puchong, Selangor Darul Ehsan on Wednesday, 30 June 2010, at 11:30 a.m.

The full text of the Notice dated 8 June 2010 is attached herewith for your attention.

Also attached an Addendum to the Notice of 85th Annual General Meeting in relation to the Explanatory Notes on Special Business for attention.

This announcement is dated 7 June 2010.

Attachments: Addendum To Notice.pdf
JHB -Notice of Annual General Meeting.pdf


MECHMAR - General Announcement

Announcement Type: General Announcement
Company Name: MECHMAR CORPORATION (MALAYSIA) BERHAD
Stock Name: MECHMAR
Date Announced: 07/06/2010

Announcement Detail:
Type: Announcement

Subject: MECHMAR CORPORATION (MALAYSIA) BERHAD (13380-M) (Mechmar)

WINDING UP PETITION ON MECHMAR'S SUBISIDIARY, INDEPENDENT POWER TANZANIA LIMITED ("IPTL") - UPDATE ON STATUS OF LEGAL SUIT- JUNE 2010

Contents: We refer to our announcements dated 24 December 2008, 26 December 2008, 3 February 2009, 6 February 2009, 11 February 2009, 13 February 2009 and 10 April 2009 in relation to the status of the winding up proceeding by the minority shareholder against IPTL.

1. BACKGROUND OF LEGAL SUIT

The Company had on 28 February 2002 announced that the minority shareholder, VIP Engineering & Marketing Ltd ["VIP"] of its subsidiary Independent Power Tanzania Ltd ["IPTL"] had filed a petition to wind up IPTL in the High Court of Tanzania on 25 February 2002, claiming oppression by the majority shareholder, Mechmar. IPTL and Mechmar had applied for a stay of proceedings in the High Court on 1 March 2002.

The High Court had on 16 December 2008 issued a ruling to place IPTL under a Provisional Liquidator, pending hearing of the Winding up Order, at a date yet to be determined. As a result, all affairs and assets of IPTL were placed under the custody and management of a Provisional Liquidator.

Mechmar, in its capacity as a co-respondent in this civil suit, have filed an appeal with the Tanzanian Court of Appeal for this High Court ruling to be vacated.

2. STATUS OF LEGAL SUIT

On 14 May 2010, the Tanzania Court of Appeal has ruled that Mechmar's application for a stay of execution on the appointment of the Provisional Liquidator over IPTL be refused.


This announcement is dated 7 June 2010.



No comments:

Post a Comment