NVMULTI - Conclusion of material litigation
Announcement Type: General Announcement
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 08/06/2010
Announcement Detail:
Type: Announcement
Subject: Conclusion of material litigation
Contents: The Board of Directors of NV Multi Corporation Berhad ("the Company") wishes to announce that the appeal by the Company and the subsidiaries to the Federal Court in relation to the Companies Commission of Malaysia's direction for compliance with Part IV Division 5 of the Companies Act, 1965 was concluded today. The Federal Court has ruled that the memorial park business undertaken by the Company's subsidiaries must file an approved trust deed and issue a prospectus.
In compliance with the Court ruling the Company and the subsidiaries will file an approved trust deed and issue a prospectus accordingly. There is no material financial impact on the Group's position.
This announcement is dated 8 June 2010.
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 08/06/2010
Announcement Detail:
Type: Announcement
Subject: Conclusion of material litigation
Contents: The Board of Directors of NV Multi Corporation Berhad ("the Company") wishes to announce that the appeal by the Company and the subsidiaries to the Federal Court in relation to the Companies Commission of Malaysia's direction for compliance with Part IV Division 5 of the Companies Act, 1965 was concluded today. The Federal Court has ruled that the memorial park business undertaken by the Company's subsidiaries must file an approved trust deed and issue a prospectus.
In compliance with the Court ruling the Company and the subsidiaries will file an approved trust deed and issue a prospectus accordingly. There is no material financial impact on the Group's position.
This announcement is dated 8 June 2010.
AIRASIA - Proposed reduction and ultimate cessation of airline services provided to AirAsia X Sdn Bhd
Announcement Type: General Announcement
Company Name: AIRASIA BERHAD
Stock Name: AIRASIA
Date Announced: 08/06/2010
Announcement Detail:
Type: Announcement
Subject: Proposed reduction and ultimate cessation of airline services provided to AirAsia X Sdn Bhd
Contents: 1. Introduction
On 31st October 2007, AirAsia Berhad ("AirAsia" or "the Company") entered into a Services Agreement ("the Agreement") with AirAsia X Sdn Bhd ("AAX") for the provision of airline services to support AAX's Budget Long Haul Service ("the Services"). On 28th November 2008, the terms and the fee structure of the Agreement were amended.
2. Proposed Reduction of Services
Under the terms of the Agreement, the Company has agreed to provide a host of airline services to AAX which among others include Engineering, Cargo, Flight Operations, Procurement, In-flight Sales, Treasury, Human Resource, AirAsia Academy (Training), Communications, Information Technology, Ground Operations, Security, Ancillary Revenue, Commercial, Sales & Distribution, AirAsiaGo, Go Insure and Investigation.
Further to a joint press release by AirAsia and AAX today, AirAsia is pleased to announce that AAX's reliance on AirAsia for the Services will see a gradual cessation within the near future and except for three core areas, AAX's operations shall be completely independent of AirAsia's.
The three core areas are:
(a) the use of the AirAsia brand;
(b) the use of the airasia.com website (both as part of its 30-year Brand License Agreement with AirAsia) and AirAsia's internet facilities; and
(c) the use of the AirAsia Academy and training facilities.
It is contemplated that organisationally, AAX will take over employment of its own wide-body aircraft pilots, cabin crew and ground staff as well as maintain its own commercial and marketing teams.
3. Extension of the Services Agreement
The above proposed reduction and ultimate cessation of certain Services is subject to the formalisation of the extension and/or variation of the current Services Agreement which shall take into account the specific requirement and duration of each of the Services (if any) still required from AirAsia. A further announcement will be made to Bursa Malaysia upon execution of the extension and/or variation of the Services Agreement with AAX.
This announcement is dated 8th June, 2010.
Company Name: AIRASIA BERHAD
Stock Name: AIRASIA
Date Announced: 08/06/2010
Announcement Detail:
Type: Announcement
Subject: Proposed reduction and ultimate cessation of airline services provided to AirAsia X Sdn Bhd
Contents: 1. Introduction
On 31st October 2007, AirAsia Berhad ("AirAsia" or "the Company") entered into a Services Agreement ("the Agreement") with AirAsia X Sdn Bhd ("AAX") for the provision of airline services to support AAX's Budget Long Haul Service ("the Services"). On 28th November 2008, the terms and the fee structure of the Agreement were amended.
2. Proposed Reduction of Services
Under the terms of the Agreement, the Company has agreed to provide a host of airline services to AAX which among others include Engineering, Cargo, Flight Operations, Procurement, In-flight Sales, Treasury, Human Resource, AirAsia Academy (Training), Communications, Information Technology, Ground Operations, Security, Ancillary Revenue, Commercial, Sales & Distribution, AirAsiaGo, Go Insure and Investigation.
Further to a joint press release by AirAsia and AAX today, AirAsia is pleased to announce that AAX's reliance on AirAsia for the Services will see a gradual cessation within the near future and except for three core areas, AAX's operations shall be completely independent of AirAsia's.
The three core areas are:
(a) the use of the AirAsia brand;
(b) the use of the airasia.com website (both as part of its 30-year Brand License Agreement with AirAsia) and AirAsia's internet facilities; and
(c) the use of the AirAsia Academy and training facilities.
It is contemplated that organisationally, AAX will take over employment of its own wide-body aircraft pilots, cabin crew and ground staff as well as maintain its own commercial and marketing teams.
3. Extension of the Services Agreement
The above proposed reduction and ultimate cessation of certain Services is subject to the formalisation of the extension and/or variation of the current Services Agreement which shall take into account the specific requirement and duration of each of the Services (if any) still required from AirAsia. A further announcement will be made to Bursa Malaysia upon execution of the extension and/or variation of the Services Agreement with AAX.
This announcement is dated 8th June, 2010.
KENMARK - General Announcement
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100602-65799
Subject: KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company")
- Latest shareholding of Mr Hwang Ding Kuo @ James Hwang
Contents: Further to our announcement dated 3 June 2010, the Directors wish to inform that based on the Record of Depositors dated 7 June 2010, the shareholding of Mr Hwang Ding Kuo @ James Hwang is 14,193,792 Kenmark shares or approximately 7.96%.
Mr James Hwang on 23 April 2010 notified that he has 53,363,092 Kenmark shares (29.93%).
This announcement is dated 8 June 2010.
Query Letter content: We refer to your Company's announcement dated 2 June 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release :-
The identity of the party that has acquired a substantial stake in Kenmark
including its total shareholdings, percentage and date of purchase;
The current shareholdings of Mr James Hwang in Kenmark;
A statement on whether there is any change in shareholdings of Mr James Hwang
since 15 April 2010;
Whether there is any change in controlling shareholders of Kenmark;
Full particulars of the proposed directors as contained in Part A, Appendix 9A
of the Listing Requirements;
The proposed plans by the new shareholder(s) and directors with regard to the
current state of affairs of Kenmark;
The expected date that the Managing Director, Mr James Hwang is to return to
Malaysia; and
The roles and responsibilities of the other two Taiwanese directors in Kenmark,
namely Chang Chin-Chuan and Chen Wen-Ling in the Company.
Please furnish Bursa Securities with your reply immediately.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100602-65799
Subject: KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company")
- Latest shareholding of Mr Hwang Ding Kuo @ James Hwang
Contents: Further to our announcement dated 3 June 2010, the Directors wish to inform that based on the Record of Depositors dated 7 June 2010, the shareholding of Mr Hwang Ding Kuo @ James Hwang is 14,193,792 Kenmark shares or approximately 7.96%.
Mr James Hwang on 23 April 2010 notified that he has 53,363,092 Kenmark shares (29.93%).
This announcement is dated 8 June 2010.
Query Letter content: We refer to your Company's announcement dated 2 June 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release :-
The identity of the party that has acquired a substantial stake in Kenmark
including its total shareholdings, percentage and date of purchase;
The current shareholdings of Mr James Hwang in Kenmark;
A statement on whether there is any change in shareholdings of Mr James Hwang
since 15 April 2010;
Whether there is any change in controlling shareholders of Kenmark;
Full particulars of the proposed directors as contained in Part A, Appendix 9A
of the Listing Requirements;
The proposed plans by the new shareholder(s) and directors with regard to the
current state of affairs of Kenmark;
The expected date that the Managing Director, Mr James Hwang is to return to
Malaysia; and
The roles and responsibilities of the other two Taiwanese directors in Kenmark,
namely Chang Chin-Chuan and Chen Wen-Ling in the Company.
Please furnish Bursa Securities with your reply immediately.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
KENMARK - Submission of Outstanding Financial Statements
Announcement Type: Investor Alert Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 07/06/2010
Announcement Detail:
Subject: Submission of Outstanding Financial Statements
Contents: The company had on 7 June 2010 announced its outstanding quarterly results for the financial period ended 31 March 2010.
Please refer to Listing Circulars dated 8 June 2010.
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 07/06/2010
Announcement Detail:
Subject: Submission of Outstanding Financial Statements
Contents: The company had on 7 June 2010 announced its outstanding quarterly results for the financial period ended 31 March 2010.
Please refer to Listing Circulars dated 8 June 2010.
KENMARK - KENMARK-RESUMPTION OF TRADING
Announcement Type: Listing Circular
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/06/2010
Announcement Detail:
Subject: KENMARK-RESUMPTION OF TRADING
Contents: Further to Listing's Circular No. L/Q : 57420 of 2010, kindly be advised that trading in the above Company's shares will resume with effect from 9.00 a.m., Wednesday, 9 June 2010.
Your attention is drawn to the Company's announcement dated 8 June 2010 in respect of reply to query to the quarterly results for the financial period ended 31 March 2010 .
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/06/2010
Announcement Detail:
Subject: KENMARK-RESUMPTION OF TRADING
Contents: Further to Listing's Circular No. L/Q : 57420 of 2010, kindly be advised that trading in the above Company's shares will resume with effect from 9.00 a.m., Wednesday, 9 June 2010.
Your attention is drawn to the Company's announcement dated 8 June 2010 in respect of reply to query to the quarterly results for the financial period ended 31 March 2010 .
KENMARK - General Announcement
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-100608-42146
Subject: KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company")
-Quarterly results for the financial period ended 31 March 2010 ("Quarterly results")
Contents: With reference to Bursa Malaysia Berhad's letter dated 8 June 2010, the Board of Directors of Kenmark wish to provide the following information as requested and the numbering in this announcement is consistent with the numbering in the query letter:
1. The breakdown of the administrative expenses of RM141.6 million is as per Appendix A attached and the debt analysis is attached.
2. For the financial year ended 31 March 2010, the Company's policy in provision for doubtful debts is as follows:
10% provision on debts that are 9-12 months
100% provision on debts that are above 12 months
The credit period granted to the debtors is 180 days and the receivables are mostly trade in nature for products supplied.
The previous year policy on receivables was to carry receivables at anticipated realizable value. Bad debts are written off in the period in which they are identified. An estimate is made for doubtful debts based on a review of all outstanding amounts at the balance sheet date.
The Directors will endeavour to collect the outstanding debts but at this juncture is unable to give a timeline as to when the debts can be collected until they have more information on the debtors.
3. On the steps to recover the receivables, the Management has been instructed to collate all the documents that are available in the Company's premises to proceed with the collection.
4. The details of the impairment charges on the property, plant and equipment are as per Appendix A attached.
Full impairment has been made on the net book value as at 31 March 2010 on the idle assets in accordance with accounting standards whilst a general 10% impairment provision has been made on assets that may not be fully utilized due to the current interruption of business
5. There are no write down on inventories.
6. The Board has requested the Management to prepare a weekly cashflow projection to enable the Board to ascertain the funding requirements. The Board has also been in discussion with the principal bankers on the current facilities to ensure that the Company can continue to operate as a going-concern.
This announcement is dated 8 June 2010.
Query Letter content: We refer to your Company's announcements dated 7 June 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The breakdown of the administrative expenses of RM141.6 million;
The Company's policy in provision for doubtful debts, the basis in making the
provision for doubtful debts including an aging analysis of the receivables
before and after the provision, the credit period granted to the debtors and
nature of the receivables;
The steps taken or to be taken by the Company to recover the receivables;
The details of the impairment charges on the Property, Plant and Equipment
("PPE"), including the breakdown of the assets classes, the locations of the
assets and its net book value as at 31 March 2010, and the basis in making the
impairment charges on the PPE;
The details of the write down of inventories, including the nature and
locations of the inventories and its carrying value as at 31 March 2010, and
the basis in writing down the inventories; and
The steps/plans by the Company to fund its working capital requirement for
continuing operations.
Please furnish Bursa Securities with your reply immediately.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
CFT/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: Appendix A.doc
Debtor Aging.xls
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 08/06/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-100608-42146
Subject: KENMARK INDUSTRIAL CO. (M) BERHAD ("Kenmark" or "the Company")
-Quarterly results for the financial period ended 31 March 2010 ("Quarterly results")
Contents: With reference to Bursa Malaysia Berhad's letter dated 8 June 2010, the Board of Directors of Kenmark wish to provide the following information as requested and the numbering in this announcement is consistent with the numbering in the query letter:
1. The breakdown of the administrative expenses of RM141.6 million is as per Appendix A attached and the debt analysis is attached.
2. For the financial year ended 31 March 2010, the Company's policy in provision for doubtful debts is as follows:
10% provision on debts that are 9-12 months
100% provision on debts that are above 12 months
The credit period granted to the debtors is 180 days and the receivables are mostly trade in nature for products supplied.
The previous year policy on receivables was to carry receivables at anticipated realizable value. Bad debts are written off in the period in which they are identified. An estimate is made for doubtful debts based on a review of all outstanding amounts at the balance sheet date.
The Directors will endeavour to collect the outstanding debts but at this juncture is unable to give a timeline as to when the debts can be collected until they have more information on the debtors.
3. On the steps to recover the receivables, the Management has been instructed to collate all the documents that are available in the Company's premises to proceed with the collection.
4. The details of the impairment charges on the property, plant and equipment are as per Appendix A attached.
Full impairment has been made on the net book value as at 31 March 2010 on the idle assets in accordance with accounting standards whilst a general 10% impairment provision has been made on assets that may not be fully utilized due to the current interruption of business
5. There are no write down on inventories.
6. The Board has requested the Management to prepare a weekly cashflow projection to enable the Board to ascertain the funding requirements. The Board has also been in discussion with the principal bankers on the current facilities to ensure that the Company can continue to operate as a going-concern.
This announcement is dated 8 June 2010.
Query Letter content: We refer to your Company's announcements dated 7 June 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The breakdown of the administrative expenses of RM141.6 million;
The Company's policy in provision for doubtful debts, the basis in making the
provision for doubtful debts including an aging analysis of the receivables
before and after the provision, the credit period granted to the debtors and
nature of the receivables;
The steps taken or to be taken by the Company to recover the receivables;
The details of the impairment charges on the Property, Plant and Equipment
("PPE"), including the breakdown of the assets classes, the locations of the
assets and its net book value as at 31 March 2010, and the basis in making the
impairment charges on the PPE;
The details of the write down of inventories, including the nature and
locations of the inventories and its carrying value as at 31 March 2010, and
the basis in writing down the inventories; and
The steps/plans by the Company to fund its working capital requirement for
continuing operations.
Please furnish Bursa Securities with your reply immediately.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
CFT/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Attachments: Appendix A.doc
Debtor Aging.xls
SUIWAH - General Announcement
Announcement Type: General Announcement
Company Name: SUIWAH CORPORATION BERHAD
Stock Name: SUIWAH
Date Announced: 08/06/2010
Announcement Detail:
Type: Announcement
Subject: QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: In compliance with Paragraphs 8.23(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to update on the financial assistance which is provided in the ordinary course of business as a moneylender by a wholly owned subsidiary of the Company, Sunshine Whosale Mart Sdn Bhd (148802-X) for the financial quarter ended 31 May 2010. The details are as per Table 1.
This announcement is dated 8 June 2010.
Attachments: Table 1_31.05.10.pdf
Company Name: SUIWAH CORPORATION BERHAD
Stock Name: SUIWAH
Date Announced: 08/06/2010
Announcement Detail:
Type: Announcement
Subject: QUARTERLY DISCLOSURE PURSUANT TO PARAGRAPH 8.23(2)(e) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: In compliance with Paragraphs 8.23(2)(e) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to update on the financial assistance which is provided in the ordinary course of business as a moneylender by a wholly owned subsidiary of the Company, Sunshine Whosale Mart Sdn Bhd (148802-X) for the financial quarter ended 31 May 2010. The details are as per Table 1.
This announcement is dated 8 June 2010.
Attachments: Table 1_31.05.10.pdf
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