MYETFDJ - QUARTERLY REVIEW OF BENCHMARK INDEX
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: QUARTERLY REVIEW OF BENCHMARK INDEX
Contents: i-VCAP Management Sdn. Bhd., the Manager of MyETF Dow Jones Islamic Market Malaysia Titans 25 ("MYETFDJ"), has been informed by Dow Jones & Company, Inc. ("Dow Jones") that effective after the close of trading on 18 June 2010, changes arising from the quarterly review by Dow Jones on the Dow Jones Islamic Market Malaysia Titans 25 Index, which is the Benchmark Index for MYETFDJ, will be implemented. As a result of the review, one stock will be added to and one stock will be removed from the Benchmark Index, while the weightings of the remaining stocks in the Benchmark Index will be changed. A summary of the changes is attached for information only. There is no action required on the part of the unitholders.
This announcement is dated 18 June 2010.
Attachments: Index Summary Changes 18June10.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: QUARTERLY REVIEW OF BENCHMARK INDEX
Contents: i-VCAP Management Sdn. Bhd., the Manager of MyETF Dow Jones Islamic Market Malaysia Titans 25 ("MYETFDJ"), has been informed by Dow Jones & Company, Inc. ("Dow Jones") that effective after the close of trading on 18 June 2010, changes arising from the quarterly review by Dow Jones on the Dow Jones Islamic Market Malaysia Titans 25 Index, which is the Benchmark Index for MYETFDJ, will be implemented. As a result of the review, one stock will be added to and one stock will be removed from the Benchmark Index, while the weightings of the remaining stocks in the Benchmark Index will be changed. A summary of the changes is attached for information only. There is no action required on the part of the unitholders.
This announcement is dated 18 June 2010.
Attachments: Index Summary Changes 18June10.pdf
KSENG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Others
Directorate: Independent & Non Executive
Name: Tengku Yunus Kamaruddin
Age: 69
Nationality: Malaysian
Qualifications: Fellow of the Institute of Chartered Accountants of England and Wales and graduated with a Bachelor of Arts (Honours) degree in Economics from the University of Wales, United Kingdom. Member of the Malaysian Association of Certified Public Accountants and the Malaysian Institute of Accountants.
Working experience and occupation: Before his retirement in 1996, he was an audit partner of one of the leading international accounting firms since 1982. He was appointed by Bank Negara Malaysia to the board of Bank Bumiputra Malaysia Berhad and its subsidiaries, namely Bumiputra Merchant Bankers Berhad and BBMB Kewangan Berhad from 1985 to 1990.
Directorship of public companies (if any): Aluminium Company of Malaysia Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Tengku Yunus Kamaruddin has been appointed the Senior Independent Director effective 18 June 2010.
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Redesignation
Previous Position: Non-Executive Director
New Position: Others
Directorate: Independent & Non Executive
Name: Tengku Yunus Kamaruddin
Age: 69
Nationality: Malaysian
Qualifications: Fellow of the Institute of Chartered Accountants of England and Wales and graduated with a Bachelor of Arts (Honours) degree in Economics from the University of Wales, United Kingdom. Member of the Malaysian Association of Certified Public Accountants and the Malaysian Institute of Accountants.
Working experience and occupation: Before his retirement in 1996, he was an audit partner of one of the leading international accounting firms since 1982. He was appointed by Bank Negara Malaysia to the board of Bank Bumiputra Malaysia Berhad and its subsidiaries, namely Bumiputra Merchant Bankers Berhad and BBMB Kewangan Berhad from 1985 to 1990.
Directorship of public companies (if any): Aluminium Company of Malaysia Berhad
Family relationship with any director and/or major shareholder of the listed issuer: Nil
Any conflict of interests that he/she has with the listed issuer: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Remarks: Tengku Yunus Kamaruddin has been appointed the Senior Independent Director effective 18 June 2010.
KSENG - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Retirement
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Michael Vitus Wong Kuan Lee
Age: 72
Nationality: Malaysian
Qualifications: Law Degree from the University of Singapore
Working experience and occupation: He joined Messrs Shook Lin & Bok, a legal firm, in 1964 and resigned in 1991 as its Chief Executive Partner but remains as a consultant. He previously served as a Senator in the Malaysian Parliament and as a director of the Malaysian Central Bank.
Directorship of public companies (if any): Mr Wong is also a director of Malaysia Deposit Insurance Corporation and iCapital.Biz Berhad.
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Tengku Yunus Kamaruddin - Chairman and Member (Independent Non-Executive Director)
Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
Too Hing Yeap - Member (Independent Non-Executive Director)
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Retirement
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Michael Vitus Wong Kuan Lee
Age: 72
Nationality: Malaysian
Qualifications: Law Degree from the University of Singapore
Working experience and occupation: He joined Messrs Shook Lin & Bok, a legal firm, in 1964 and resigned in 1991 as its Chief Executive Partner but remains as a consultant. He previously served as a Senator in the Malaysian Parliament and as a director of the Malaysian Central Bank.
Directorship of public companies (if any): Mr Wong is also a director of Malaysia Deposit Insurance Corporation and iCapital.Biz Berhad.
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Tengku Yunus Kamaruddin - Chairman and Member (Independent Non-Executive Director)
Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
Too Hing Yeap - Member (Independent Non-Executive Director)
KSENG - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Too Hing Yeap
Age: 62
Nationality: Malaysian
Qualifications: He graduated from the University of Singapore in 1971
Working experience and occupation: He joined Shook Lin & Bok ("SLB") in 1972 as a legal assistant. He also taught briefly at the Law Faculty of the University of Malaya in the 1970's. He was emplaced as a Limited Partner of SLB in 1975, thereafter as a General Partner in 1980, and then the Deputy Managing Partner in 1992. He is currently the Chief Executive Partner of SLB, a position he held since 1998.
Directorship of public companies (if any): None
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Michael Vitus Wong Kuan Lee - Chairman and Member (Independent Non-Executive Director)
Tengku Yunus Kamaruddin - Member (Independent Non-Executive Director)
Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
Too Hing Yeap - Member (Independent Non-Executive Director)
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Too Hing Yeap
Age: 62
Nationality: Malaysian
Qualifications: He graduated from the University of Singapore in 1971
Working experience and occupation: He joined Shook Lin & Bok ("SLB") in 1972 as a legal assistant. He also taught briefly at the Law Faculty of the University of Malaya in the 1970's. He was emplaced as a Limited Partner of SLB in 1975, thereafter as a General Partner in 1980, and then the Deputy Managing Partner in 1992. He is currently the Chief Executive Partner of SLB, a position he held since 1998.
Directorship of public companies (if any): None
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Michael Vitus Wong Kuan Lee - Chairman and Member (Independent Non-Executive Director)
Tengku Yunus Kamaruddin - Member (Independent Non-Executive Director)
Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
Too Hing Yeap - Member (Independent Non-Executive Director)
KSENG - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Redesignation
Previous Position: Member of Audit Committee
New Position: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Tengku Yunus Kamaruddin
Age: 69
Nationality: Malaysian
Qualifications: He is a Fellow of the Institute of Chartered Accountants of England and Wales and graduated with a Bachelor of Arts (Honours) degree in Economics from the University of Wales, United Kingdom. He is also a member of the Malaysian Association of Certified Public Accountants and the Malaysian Institute of Accountants.
Working experience and occupation: Before his retirement in early 1996, he was an audit partner of one of the leading international accounting firms since 1982. He was appointed by Bank Negara Malaysia to the board of Bank Bumiputra Malaysia Berhad and its subsidiaries, namely Bumiputra Merchant Bankers Berhad and BBMB Kewangan Berhad from 1985 to 1990.
Directorship of public companies (if any): He currently sits on the Board of Aluminium Company of Malaysia Berhad.
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Tengku Yunus Kamaruddin - Chairman and Member (Independent Non-Executive Director)
Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
Too Hing Yeap - Member (Independent Non-Executive Director)
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Redesignation
Previous Position: Member of Audit Committee
New Position: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Tengku Yunus Kamaruddin
Age: 69
Nationality: Malaysian
Qualifications: He is a Fellow of the Institute of Chartered Accountants of England and Wales and graduated with a Bachelor of Arts (Honours) degree in Economics from the University of Wales, United Kingdom. He is also a member of the Malaysian Association of Certified Public Accountants and the Malaysian Institute of Accountants.
Working experience and occupation: Before his retirement in early 1996, he was an audit partner of one of the leading international accounting firms since 1982. He was appointed by Bank Negara Malaysia to the board of Bank Bumiputra Malaysia Berhad and its subsidiaries, namely Bumiputra Merchant Bankers Berhad and BBMB Kewangan Berhad from 1985 to 1990.
Directorship of public companies (if any): He currently sits on the Board of Aluminium Company of Malaysia Berhad.
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Tengku Yunus Kamaruddin - Chairman and Member (Independent Non-Executive Director)
Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
Too Hing Yeap - Member (Independent Non-Executive Director)
KSENG - General Announcement
Announcement Type: General Announcement
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: KECK SENG (MALAYSIA) BERHAD ("KECKSENG" OR "THE COMPANY")
- Change in Composition of Nomination Committee and Remuneration Committee
Contents: The Board of Directors of KECKSENG wishes to announce that after the Company's Annual General Meeting held today, Mr Michael Vitus Wong Kuan Lee had ceased to be a director as he did not offer himself for re-appointment pursuant to Section 129(6) of the Companies Act, 1965 and consequently, he also ceased to be member of the Nomination Committee and Remuneration Committee. To fill the vacancies thus created, Mr Too Hing Yeap was appointed as a member of the Nomination Committee and Remuneration Committee.
Whereas, Tunku Osman Ahmad was also appointed as a Member and the Chairman of Remuneration Committee. Resulting from said changes, the new composition of the Nomination Committee and Remuneration Committee are as follows:-
NOMINATION COMMITTEE
------------------------------------------
(i) Tunku Osman Ahmad - Chairman and Member (Non-Independent Non-Executive Director)
(ii) Tengku Yunus Kamaruddin - Member (Independent Non-Executive Director)
(iii) Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
(iv) Too Hing Yeap - Member (Independent Non-Executive Director)
REMUNERATION COMMITTEE
------------------------------------------------
(i) Tunku Osman Ahmad - Chairman and Member (Non-Independent Non-Executive Director)
(ii) Tengku Yunus Kamaruddin - Member (Independent Non-Executive Director)
(iii) Too Hing Yeap - Member (Independent Non-Executive Director)
(iv) Dato' Ho Kian Hock - Member (Managing Director)
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: KECK SENG (MALAYSIA) BERHAD ("KECKSENG" OR "THE COMPANY")
- Change in Composition of Nomination Committee and Remuneration Committee
Contents: The Board of Directors of KECKSENG wishes to announce that after the Company's Annual General Meeting held today, Mr Michael Vitus Wong Kuan Lee had ceased to be a director as he did not offer himself for re-appointment pursuant to Section 129(6) of the Companies Act, 1965 and consequently, he also ceased to be member of the Nomination Committee and Remuneration Committee. To fill the vacancies thus created, Mr Too Hing Yeap was appointed as a member of the Nomination Committee and Remuneration Committee.
Whereas, Tunku Osman Ahmad was also appointed as a Member and the Chairman of Remuneration Committee. Resulting from said changes, the new composition of the Nomination Committee and Remuneration Committee are as follows:-
NOMINATION COMMITTEE
------------------------------------------
(i) Tunku Osman Ahmad - Chairman and Member (Non-Independent Non-Executive Director)
(ii) Tengku Yunus Kamaruddin - Member (Independent Non-Executive Director)
(iii) Maj-Gen (R) Dato' Muhammad bin Yunus - Member (Independent Non-Executive Director)
(iv) Too Hing Yeap - Member (Independent Non-Executive Director)
REMUNERATION COMMITTEE
------------------------------------------------
(i) Tunku Osman Ahmad - Chairman and Member (Non-Independent Non-Executive Director)
(ii) Tengku Yunus Kamaruddin - Member (Independent Non-Executive Director)
(iii) Too Hing Yeap - Member (Independent Non-Executive Director)
(iv) Dato' Ho Kian Hock - Member (Managing Director)
KSENG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Retirement
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Michael Vitus Wong Kuan Lee
Age: 72
Nationality: Malaysian
Qualifications: Law Degree from the University of Singapore
Working experience and occupation: He joined Messrs Shook Lin & Bok, a legal firm, in 1964 and resigned in 1991 as its Chief Executive Partner but remains as a consultant. He previously served as a Senator in the Malaysian Parliament and as a director of the Malaysian Central Bank.
Directorship of public companies (if any): Mr Wong is also a director of Malaysia Deposit Insurance Corporation and iCapital.Biz Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Remarks: He did not offer himself for re-appointment at the 40th Annual General Meeting held on 18 June 2010 at which he retired pursuant to S129(6) of the Companies Act, 1965.
Company Name: KECK SENG (MALAYSIA) BERHAD
Stock Name: KSENG
Date Announced: 18/06/2010
Announcement Detail:
Date of change: 18/06/2010
Type of change: Retirement
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Michael Vitus Wong Kuan Lee
Age: 72
Nationality: Malaysian
Qualifications: Law Degree from the University of Singapore
Working experience and occupation: He joined Messrs Shook Lin & Bok, a legal firm, in 1964 and resigned in 1991 as its Chief Executive Partner but remains as a consultant. He previously served as a Senator in the Malaysian Parliament and as a director of the Malaysian Central Bank.
Directorship of public companies (if any): Mr Wong is also a director of Malaysia Deposit Insurance Corporation and iCapital.Biz Berhad
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Remarks: He did not offer himself for re-appointment at the 40th Annual General Meeting held on 18 June 2010 at which he retired pursuant to S129(6) of the Companies Act, 1965.
NVMULTI - General Announcement
Announcement Type: General Announcement
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF 2 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN SPEKTRUM KARISMA SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM20,000
Contents: 1. INTRODUCTION
The Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that Nirvana Memorial Park Sdn. Bhd. ("NIR"), a wholly owned subsidiary of NV Multi, had on 18 June 2010 entered into a Share Sales Agreement ("SSA") with Messrs Lee Hock Leong and Chan Mee Ling ("the Vendors") to acquire 2 ordinary shares of RM1.00 each representing 100% equity interests in Spektrum Karisma Sdn Bhd ("SKSB"), for a cash consideration of RM20,000 ("the Acquisition").
2. SALIENT FEATURES OF THE ACQUISITION
2.1 Information of NIR
NIR is a company incorporated in Malaysia with its principal activity of the development of non-Muslim private cemeteries. The authorised share capital of NIR is RM500,000 divided into 500,000 ordinary shares of RM1.00 each and its issued and paid-up share capital is RM350,000 divided into 350,000 ordinary shares of RM1.00 each.
2.2 Information of SKSB
a. SKSB is a company incorporated in Malaysia bearing company no. 892400-H with an authorized share capital of RM100,000-00 divided into 100,000 ordinary shares of RM1.00 each and having a paid-up share capital of RM2 divided into 2 ordinary shares of RM1.00 each.
b. SKSB is the beneficial owner of land held under Geran 49671 for Lot 1364 Mukim Ulu Semenyih Daerah Ulu Langat, Selangor (hereinafter referred to as "the said land") measuring approximately 7.9 acres.
2.3 Basis of arriving at the consideration
The purchase consideration of RM20,000 is based on "willing-buyer-willing-seller" basis after taking into consideration the future earnings potential of SKSB.
2.4 Mode of payment
The purchase consideration shall be paid to the Vendors upon receipt of the valid registrable instrument of transfer of shares of SKSB.
2.5 Liabilities to be assumed
NIR undertake to assume liabilities in SKSB up to a limit of RM693,000 upon signing the SSA.
3. SOURCES OF FUNDS
The Acquisition will be funded by internally generated funds.
4. RATIONALE
The Acquisition will allow the Group to enhance the overall development planning of Nirvana Memorial Park, Semenyih, due to the strategic location of the land.
5. EFFECTS OF THE ACQUISITION
The Acquisition is not expected to have any material impact on the share capital, net assets, gearing, substantial and major shareholders' shareholding for the current year ending 31 December 2010 of NV Multi. However, the Acquisition is expected to contribute positively to future earnings of the Group.
6. APPROVALS REQUIRED
The Acquisition is not subject to the approval of the shareholders of NV Multi or any relevant statutory authorities.
7. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED
None of the Directors, major shareholders of NV Multi and/or person connected with them has any interest, direct or indirect, in the Acquisition.
8. STATEMENT BY DIRECTORS
The Board of Directors of NV Multi, having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of the Group.
This announcement is dated 18 June 2010
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF 2 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 100% EQUITY INTEREST IN SPEKTRUM KARISMA SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM20,000
Contents: 1. INTRODUCTION
The Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that Nirvana Memorial Park Sdn. Bhd. ("NIR"), a wholly owned subsidiary of NV Multi, had on 18 June 2010 entered into a Share Sales Agreement ("SSA") with Messrs Lee Hock Leong and Chan Mee Ling ("the Vendors") to acquire 2 ordinary shares of RM1.00 each representing 100% equity interests in Spektrum Karisma Sdn Bhd ("SKSB"), for a cash consideration of RM20,000 ("the Acquisition").
2. SALIENT FEATURES OF THE ACQUISITION
2.1 Information of NIR
NIR is a company incorporated in Malaysia with its principal activity of the development of non-Muslim private cemeteries. The authorised share capital of NIR is RM500,000 divided into 500,000 ordinary shares of RM1.00 each and its issued and paid-up share capital is RM350,000 divided into 350,000 ordinary shares of RM1.00 each.
2.2 Information of SKSB
a. SKSB is a company incorporated in Malaysia bearing company no. 892400-H with an authorized share capital of RM100,000-00 divided into 100,000 ordinary shares of RM1.00 each and having a paid-up share capital of RM2 divided into 2 ordinary shares of RM1.00 each.
b. SKSB is the beneficial owner of land held under Geran 49671 for Lot 1364 Mukim Ulu Semenyih Daerah Ulu Langat, Selangor (hereinafter referred to as "the said land") measuring approximately 7.9 acres.
2.3 Basis of arriving at the consideration
The purchase consideration of RM20,000 is based on "willing-buyer-willing-seller" basis after taking into consideration the future earnings potential of SKSB.
2.4 Mode of payment
The purchase consideration shall be paid to the Vendors upon receipt of the valid registrable instrument of transfer of shares of SKSB.
2.5 Liabilities to be assumed
NIR undertake to assume liabilities in SKSB up to a limit of RM693,000 upon signing the SSA.
3. SOURCES OF FUNDS
The Acquisition will be funded by internally generated funds.
4. RATIONALE
The Acquisition will allow the Group to enhance the overall development planning of Nirvana Memorial Park, Semenyih, due to the strategic location of the land.
5. EFFECTS OF THE ACQUISITION
The Acquisition is not expected to have any material impact on the share capital, net assets, gearing, substantial and major shareholders' shareholding for the current year ending 31 December 2010 of NV Multi. However, the Acquisition is expected to contribute positively to future earnings of the Group.
6. APPROVALS REQUIRED
The Acquisition is not subject to the approval of the shareholders of NV Multi or any relevant statutory authorities.
7. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED
None of the Directors, major shareholders of NV Multi and/or person connected with them has any interest, direct or indirect, in the Acquisition.
8. STATEMENT BY DIRECTORS
The Board of Directors of NV Multi, having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of the Group.
This announcement is dated 18 June 2010
SUNCRN - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 18/06/2010
Announcement Detail:
Date of buy back: 18/06/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 8,000
Minimum price paid for each share purchased ($$): 1.630
Maximum price paid for each share purchased ($$): 1.630
Total consideration paid ($$): 13,136.16
Number of shares purchased retained in treasury (units): 8,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 434,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.06
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 18/06/2010
Announcement Detail:
Date of buy back: 18/06/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 8,000
Minimum price paid for each share purchased ($$): 1.630
Maximum price paid for each share purchased ($$): 1.630
Total consideration paid ($$): 13,136.16
Number of shares purchased retained in treasury (units): 8,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 434,000
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.06
MAGNA - Article Entitled: Magna Prima upbeat on earnings rebound
Announcement Type: General Announcement
Company Name: MAGNA PRIMA BERHAD
Stock Name: MAGNA
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: Article Entitled: Magna Prima upbeat on earnings rebound
Contents: Reference is made to the article entitled "Magna Prima upbeat on earnings rebound" appearing in News Straits Times on 18 June 2010 and particular to the following sentences in that article:-
1. "Property developer Magna Prima Bhd is optimistic of net profit in the financial year ending December 31 2011 recovering to 2007 and 2008 levels of around RM27 million."
2. "He added that the company has projected some RM150 million to RM200 million revenue this financial year from RM1 billion of projects that it will be launching.
This year revenue will be maintained at around last year's level of RM191 million, but profit will be up primarily because we are starting new projects with better profit profiles, Yoong told reporters after Magna Prima's annual general meeting in Kuala Lumpur yesterday."
The Board of Directors of Magna Prima Berhad (MPB) wishes to clarify the following:-
i) On the 1st statement, we asserted that we are optimistic that MPB will be able to return to profit levels similar to those achieved in 2007 and 2008
ii) On the 2nd statement, we said that we hope to achieve revenue levels in 2010 which are comparable to that attained in 2009.
The abovementioned statements were made on the basis of the internal management target set by the Management to be achieved in financial years 2010 and 2011 and are not an estimate, forecast or projection. The internal target has not been reviewed by the external auditors.
This announcement is dated 18 June 2010.
Company Name: MAGNA PRIMA BERHAD
Stock Name: MAGNA
Date Announced: 18/06/2010
Announcement Detail:
Type: Announcement
Subject: Article Entitled: Magna Prima upbeat on earnings rebound
Contents: Reference is made to the article entitled "Magna Prima upbeat on earnings rebound" appearing in News Straits Times on 18 June 2010 and particular to the following sentences in that article:-
1. "Property developer Magna Prima Bhd is optimistic of net profit in the financial year ending December 31 2011 recovering to 2007 and 2008 levels of around RM27 million."
2. "He added that the company has projected some RM150 million to RM200 million revenue this financial year from RM1 billion of projects that it will be launching.
This year revenue will be maintained at around last year's level of RM191 million, but profit will be up primarily because we are starting new projects with better profit profiles, Yoong told reporters after Magna Prima's annual general meeting in Kuala Lumpur yesterday."
The Board of Directors of Magna Prima Berhad (MPB) wishes to clarify the following:-
i) On the 1st statement, we asserted that we are optimistic that MPB will be able to return to profit levels similar to those achieved in 2007 and 2008
ii) On the 2nd statement, we said that we hope to achieve revenue levels in 2010 which are comparable to that attained in 2009.
The abovementioned statements were made on the basis of the internal management target set by the Management to be achieved in financial years 2010 and 2011 and are not an estimate, forecast or projection. The internal target has not been reviewed by the external auditors.
This announcement is dated 18 June 2010.
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