SCN - SCAN ASSOCIATES BERHAD ("The Company") - NEWS RELEASE: SCAN's 9th ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SCAN ASSOCIATES BERHAD ("The Company")
- NEWS RELEASE: SCAN's 9th ANNUAL GENERAL MEETING
Contents: The Company is pleased to attach herewith the news release entitled SCAN's 9th Annual General Meeting, for your attention.
This announcement is dated 24 June 2010.
Attachments: News Release- SCANs 9th AGM_Bursa..pdf
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SCAN ASSOCIATES BERHAD ("The Company")
- NEWS RELEASE: SCAN's 9th ANNUAL GENERAL MEETING
Contents: The Company is pleased to attach herewith the news release entitled SCAN's 9th Annual General Meeting, for your attention.
This announcement is dated 24 June 2010.
Attachments: News Release- SCANs 9th AGM_Bursa..pdf
SCN - SCAN ASSOCIATES BERHAD ("The Company") - RESULTS OF THE NINTH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SCAN ASSOCIATES BERHAD ("The Company")
- RESULTS OF THE NINTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of the Company is pleased to announce that at the Ninth (9th) Annual General Meeting ("AGM")of the Company held on 24 June 2010, all the resolutions set out in the Notice of the AGM of the Company dated 2 June 2010 were approved by the shareholders.
This announcement is dated 24 June 2010.
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SCAN ASSOCIATES BERHAD ("The Company")
- RESULTS OF THE NINTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of the Company is pleased to announce that at the Ninth (9th) Annual General Meeting ("AGM")of the Company held on 24 June 2010, all the resolutions set out in the Notice of the AGM of the Company dated 2 June 2010 were approved by the shareholders.
This announcement is dated 24 June 2010.
SCN - SCAN ASSOCIATES BERHAD ("The Company") - CHANGE OF AUDITORS AT THE NINTH ANNUAL GENERAL MEETING
Announcement Type: General Announcement
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SCAN ASSOCIATES BERHAD ("The Company")
- CHANGE OF AUDITORS AT THE NINTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of the Company is pleased to announce that at the Ninth (9th) Annual General Meeting ("AGM")of the Company held on 24 June 2010, the shareholders of the Company have approved the appointment of Messrs Baker Tilly Monteiro Heng as Auditors of the Company for the financial year ending 31 December 2010 in place of Messrs Khairuddin Hasyudeen & Razi, the retiring Auditors, and that their remuneration to be fixed by the Directors.
This announcement is dated 24 June 2010.
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SCAN ASSOCIATES BERHAD ("The Company")
- CHANGE OF AUDITORS AT THE NINTH ANNUAL GENERAL MEETING
Contents: The Board of Directors of the Company is pleased to announce that at the Ninth (9th) Annual General Meeting ("AGM")of the Company held on 24 June 2010, the shareholders of the Company have approved the appointment of Messrs Baker Tilly Monteiro Heng as Auditors of the Company for the financial year ending 31 December 2010 in place of Messrs Khairuddin Hasyudeen & Razi, the retiring Auditors, and that their remuneration to be fixed by the Directors.
This announcement is dated 24 June 2010.
KENMARK - Kenmark Industrial Co. (M) Berhad ("Kenmark" or the "Company")
Announcement Type: General Announcement
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Berhad ("Kenmark" or the "Company")
Contents: Kenmark wishes to further clarify on the status of the three local business units, namely printing, plastic moulding and trading divisions.
For the printing division, the critical part for one of the four units of colour machines has been returned to the Company. However, the Integrated Circuit Board (IC Board) for another machine is still missing. The Company should be able to do a test run on the machines once the parts are assembled by next week.
For the plastic injection machine, all the missing IC Boards have been returned. The Company expects to reassemble back the parts by next week and do a trial run on the machines.
The Company expects the abovementioned local business units will be able to operate by next Friday.
As for the trading operations, the Company's marketing coordinator is presently trying to make contact with the end buyers to resume its operation.
The above reply is made on the collective approval of the Malaysian Directors of the Kenmark, namely Dato' Abd Gani bin Yusof, Mr Ho Soo Woon, En Ahmed Azhar bin Abdullah and Mr Woon Wai En, and the Taiwanese Directors, namely Mr James Hwang, Ms Chen Wen-Ling and Mr Chang Chin-Chuan have not responded with any comments on the query.
This announcement is dated 24 June 2010.
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: Kenmark Industrial Co. (M) Berhad ("Kenmark" or the "Company")
Contents: Kenmark wishes to further clarify on the status of the three local business units, namely printing, plastic moulding and trading divisions.
For the printing division, the critical part for one of the four units of colour machines has been returned to the Company. However, the Integrated Circuit Board (IC Board) for another machine is still missing. The Company should be able to do a test run on the machines once the parts are assembled by next week.
For the plastic injection machine, all the missing IC Boards have been returned. The Company expects to reassemble back the parts by next week and do a trial run on the machines.
The Company expects the abovementioned local business units will be able to operate by next Friday.
As for the trading operations, the Company's marketing coordinator is presently trying to make contact with the end buyers to resume its operation.
The above reply is made on the collective approval of the Malaysian Directors of the Kenmark, namely Dato' Abd Gani bin Yusof, Mr Ho Soo Woon, En Ahmed Azhar bin Abdullah and Mr Woon Wai En, and the Taiwanese Directors, namely Mr James Hwang, Ms Chen Wen-Ling and Mr Chang Chin-Chuan have not responded with any comments on the query.
This announcement is dated 24 June 2010.
SYF - General Announcement
Announcement Type: General Announcement
Company Name: SYF RESOURCES BERHAD
Stock Name: SYF
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SYF Resources Berhad ("SRB" or "the Company")
- Update on the Default in Payment pursuant to Practice Note 1 ("PN 1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: We refer to the announcements dated 27 May 2010 and 4 June 2010.
The Board of Directors of SRB wishes to announce that at the Extraordinary General Meeting of Capone Berhad held today, 73.9% of the bondholders voted for the Company's proposed debt restructuring scheme as against the required 75% to carry the motion. As such, the said scheme was not approved.
In view of the circumstances, SRB in consultation with its financial adviser and Corporate Debt Restructuring Committee, will continue to engage Capone Berhad with the intention to garner the required minimum 75% support from their bondholders.
As for Idaman Capital Berhad, the decision of their bondholders is still pending.
This announcement would also serve as the monthly announcement pursuant to PN 1 Requirements.
Company Name: SYF RESOURCES BERHAD
Stock Name: SYF
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: SYF Resources Berhad ("SRB" or "the Company")
- Update on the Default in Payment pursuant to Practice Note 1 ("PN 1") of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: We refer to the announcements dated 27 May 2010 and 4 June 2010.
The Board of Directors of SRB wishes to announce that at the Extraordinary General Meeting of Capone Berhad held today, 73.9% of the bondholders voted for the Company's proposed debt restructuring scheme as against the required 75% to carry the motion. As such, the said scheme was not approved.
In view of the circumstances, SRB in consultation with its financial adviser and Corporate Debt Restructuring Committee, will continue to engage Capone Berhad with the intention to garner the required minimum 75% support from their bondholders.
As for Idaman Capital Berhad, the decision of their bondholders is still pending.
This announcement would also serve as the monthly announcement pursuant to PN 1 Requirements.
PETRA - Petra Perdana Berhad ("PPB" or "the Company") Summons Received from Shareholders
Announcement Type: General Announcement
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: Petra Perdana Berhad ("PPB" or "the Company")
Summons Received from Shareholders
Contents: The Board of Directors of PPB wishes to inform that PPB has today been served by the solicitors of Datin Che Nariza Hajjar Hashim and the solicitors of Nik Ismail bin Tengku Besar Indra Raja and Ramilah Joannah Sulaiman, sealed copies of the Summons in Chambers dated 23 June 2010 and Originating Summons dated 23 June 2010 together with copies of the Affidavit in Support in relation to the adjournment of the forthcoming Annual General Meeting of the Company to be held on 28 June 2010 to such date after the disposal of the Originating Summons. The Company is seeking legal advise on the matter.
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: Petra Perdana Berhad ("PPB" or "the Company")
Summons Received from Shareholders
Contents: The Board of Directors of PPB wishes to inform that PPB has today been served by the solicitors of Datin Che Nariza Hajjar Hashim and the solicitors of Nik Ismail bin Tengku Besar Indra Raja and Ramilah Joannah Sulaiman, sealed copies of the Summons in Chambers dated 23 June 2010 and Originating Summons dated 23 June 2010 together with copies of the Affidavit in Support in relation to the adjournment of the forthcoming Annual General Meeting of the Company to be held on 28 June 2010 to such date after the disposal of the Originating Summons. The Company is seeking legal advise on the matter.
PICORP - General Announcement
Announcement Type: General Announcement
Company Name: PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name: PICORP
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" or "the Company")
TERMINATION OF CONTRACTS WITH THE MINISTRY OF INFRASTUCTURES, KHARTOUM STATE, REPUBLIC OF SUDAN
Contents: 1. INTRODUCTION
Further to the announcements made on 5 May 2008, 7 May 2008, 28 April 2009, 30 April 2009, the Board of Directors of PICORP wishes to announce that the Ministry of Infrastructures, Khartoum State, Republic of Sudan ("MOI") has failed to fulfill the requirement to provide an international bank guarantee to SEECO Engineering For Sewerage & Environment Co. Ltd ("SEECO") and PICORP for Engineering Co. Ltd ("PICORP Sudan") and SEECO and PICORP Sudan have on 22 June 2010, received the following letters from the Ministry of Infrastructures, Khartoum State, Republic of Sudan ("MOI"):-
(a) Letter dated 17 June 2010 addressed to SEECO to terminate the Concession Agreement dated 24 August 2005 and Addendum 2 thereto;
(b) Letter dated 17 June 2010 addressed to PICORP Sudan to terminate the Contract dated 23 April 2009 in relation to the Construction for Pump Station Force Main & Sewerage Treatment Plants.
2. BACKGROUND OF THE CONTRACTS TERMINATED BY THE MOI
Pursuant to the Concession Agreement dated 24 August 2005, SEECO was granted the sole, exclusive and irrevocable rights and authority to:
(a) design, construct, test, commission, operate, manage and maintain the plant and sewerage system and ancillary facilities; and
(b) demand, collect and retain for its own benefit the connection charges and monthly service fee payable by the consumers in East Omdurman City, Khartoum State, Republic of Sudan during the concession period.
The concession period was for a period of thirty (30) years or such other extended period as SEECO's request to recover its costs, investments (including bank borrowings and finance charges) and internal rate of return and the value of this contract was USD55 million.
The construction of the plant and sewerage system commenced on 1 July 2005 and was to be completed by 30 June 2007. The Ministry of Physical Planning and Public Utilities, Republic of Sudan, the predecessor of the MOI, granted an extension to SEECO via an addendum agreement executed on 29 April 2008 for the construction to be completed by 30 April 2010.
On 23 April 2009 SEECO signed an Addendum No. 2 to the Concession Agreement with the MOI on 24 August 2005 to agree on the following:-
(i) increase to the value of the construction works from USD55 million to USD85 million for the construction, installation, testing, commissioning, operation, management and maintenance of sewerage reticulation, lifting station and sewage treatment plant in East Omdurman City, Khartoum State, Republic of Sudan;
(ii) to complete the construction works within 68 months from commencement of construction works instead of 30 April 2010. The construction works was to commence upon the fulfillment of all conditions precedents as stated in the Addendum No. 2 thereof.
(iii) SEECO shall collect the monthly service fees payable by the MOI during the 30 years concession period directly from the MOI instead of from the consumers in the concession area as provided initially in the Concession Agreement.
PICORP Sudan had on 23 April 2009, entered into a Contract Agreement amounting to USD59.5 Million with the MOI for the construction of not more than 25 kilometers force main pipelines ("Force Main") and two (2) sewage treatment plants ("STPs") with the capacity of 40,000 m���/day each together with one (1) unit of pumping station. PICORP Sudan was to complete the Force Main, STPs and 1 unit of pumping station within 24 months from the commencement date.
The total value of the aforementioned works was USD 144.5 million.
3. EVENTS LEADING TO THE TERMINATION OF THE CONTRACTS
One of the major conditions precedents that needed to be fulfilled by the MOI prior to the commencement of the construction work was to provide an international bank guarantee to SEECO and PICORP Sudan to secure the connection charges, monthly service fee and contract price as defined therein respectively.
However, despite the constant follow up by SEECO and PICORP Sudan with the MOI for the international bank guarantee to be provided, the MOI has failed in obtaining the international bank guarantee and finally, the MOI was directed by the Governor of Khartoum State to terminate the contracts.
4. FINANCIAL EFFECTS ARISING FROM THE TERMINATION OF CONTRACTS
The termination of the contracts shall effect the Group's earnings and the net assets to the extent of its net investment in SEECO and PICORP Sudan which amount to approximately RM 7 Million.
5. ACTION TAKEN BY THE PICORP GROUP
The Company has passed this matter to its legal advisor to determine the appropriate next course of action to be taken by the Company.
Company Name: PROGRESSIVE IMPACT CORPORATION BERHAD
Stock Name: PICORP
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" or "the Company")
TERMINATION OF CONTRACTS WITH THE MINISTRY OF INFRASTUCTURES, KHARTOUM STATE, REPUBLIC OF SUDAN
Contents: 1. INTRODUCTION
Further to the announcements made on 5 May 2008, 7 May 2008, 28 April 2009, 30 April 2009, the Board of Directors of PICORP wishes to announce that the Ministry of Infrastructures, Khartoum State, Republic of Sudan ("MOI") has failed to fulfill the requirement to provide an international bank guarantee to SEECO Engineering For Sewerage & Environment Co. Ltd ("SEECO") and PICORP for Engineering Co. Ltd ("PICORP Sudan") and SEECO and PICORP Sudan have on 22 June 2010, received the following letters from the Ministry of Infrastructures, Khartoum State, Republic of Sudan ("MOI"):-
(a) Letter dated 17 June 2010 addressed to SEECO to terminate the Concession Agreement dated 24 August 2005 and Addendum 2 thereto;
(b) Letter dated 17 June 2010 addressed to PICORP Sudan to terminate the Contract dated 23 April 2009 in relation to the Construction for Pump Station Force Main & Sewerage Treatment Plants.
2. BACKGROUND OF THE CONTRACTS TERMINATED BY THE MOI
Pursuant to the Concession Agreement dated 24 August 2005, SEECO was granted the sole, exclusive and irrevocable rights and authority to:
(a) design, construct, test, commission, operate, manage and maintain the plant and sewerage system and ancillary facilities; and
(b) demand, collect and retain for its own benefit the connection charges and monthly service fee payable by the consumers in East Omdurman City, Khartoum State, Republic of Sudan during the concession period.
The concession period was for a period of thirty (30) years or such other extended period as SEECO's request to recover its costs, investments (including bank borrowings and finance charges) and internal rate of return and the value of this contract was USD55 million.
The construction of the plant and sewerage system commenced on 1 July 2005 and was to be completed by 30 June 2007. The Ministry of Physical Planning and Public Utilities, Republic of Sudan, the predecessor of the MOI, granted an extension to SEECO via an addendum agreement executed on 29 April 2008 for the construction to be completed by 30 April 2010.
On 23 April 2009 SEECO signed an Addendum No. 2 to the Concession Agreement with the MOI on 24 August 2005 to agree on the following:-
(i) increase to the value of the construction works from USD55 million to USD85 million for the construction, installation, testing, commissioning, operation, management and maintenance of sewerage reticulation, lifting station and sewage treatment plant in East Omdurman City, Khartoum State, Republic of Sudan;
(ii) to complete the construction works within 68 months from commencement of construction works instead of 30 April 2010. The construction works was to commence upon the fulfillment of all conditions precedents as stated in the Addendum No. 2 thereof.
(iii) SEECO shall collect the monthly service fees payable by the MOI during the 30 years concession period directly from the MOI instead of from the consumers in the concession area as provided initially in the Concession Agreement.
PICORP Sudan had on 23 April 2009, entered into a Contract Agreement amounting to USD59.5 Million with the MOI for the construction of not more than 25 kilometers force main pipelines ("Force Main") and two (2) sewage treatment plants ("STPs") with the capacity of 40,000 m���/day each together with one (1) unit of pumping station. PICORP Sudan was to complete the Force Main, STPs and 1 unit of pumping station within 24 months from the commencement date.
The total value of the aforementioned works was USD 144.5 million.
3. EVENTS LEADING TO THE TERMINATION OF THE CONTRACTS
One of the major conditions precedents that needed to be fulfilled by the MOI prior to the commencement of the construction work was to provide an international bank guarantee to SEECO and PICORP Sudan to secure the connection charges, monthly service fee and contract price as defined therein respectively.
However, despite the constant follow up by SEECO and PICORP Sudan with the MOI for the international bank guarantee to be provided, the MOI has failed in obtaining the international bank guarantee and finally, the MOI was directed by the Governor of Khartoum State to terminate the contracts.
4. FINANCIAL EFFECTS ARISING FROM THE TERMINATION OF CONTRACTS
The termination of the contracts shall effect the Group's earnings and the net assets to the extent of its net investment in SEECO and PICORP Sudan which amount to approximately RM 7 Million.
5. ACTION TAKEN BY THE PICORP GROUP
The Company has passed this matter to its legal advisor to determine the appropriate next course of action to be taken by the Company.
VINTAGE - General Announcement
Announcement Type: General Announcement
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Notice of Court Convened Meetings ("CCM") of Scheme Creditors
Contents: The Board of Directors of VTI Vintage Berhad ("VVB" or "the Company") is pleased to announce that the Court Convened Meetings ("CCM") of Scheme Creditors will be held at Crystal Crown Hotel Port Klang, Crystal 3, Level 1, 217, Persiaran Raja Muda Musa, 42000 Pelabuhan Klang, Selangor Darul Ehsan, Malaysia on Friday, 16 July 2010 at the times specified in the notice of CCM of Scheme Creditors.
The full text of the notice of CCM of Scheme Creditors is attached herewith for your kind attention.
This announcement is dated 24 June 2010.
Attachments: VVB-Notice of CCM (English).pdf
Company Name: VTI VINTAGE BERHAD
Stock Name: VINTAGE
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: VTI VINTAGE BERHAD ("VVB" or "the Company")
- Notice of Court Convened Meetings ("CCM") of Scheme Creditors
Contents: The Board of Directors of VTI Vintage Berhad ("VVB" or "the Company") is pleased to announce that the Court Convened Meetings ("CCM") of Scheme Creditors will be held at Crystal Crown Hotel Port Klang, Crystal 3, Level 1, 217, Persiaran Raja Muda Musa, 42000 Pelabuhan Klang, Selangor Darul Ehsan, Malaysia on Friday, 16 July 2010 at the times specified in the notice of CCM of Scheme Creditors.
The full text of the notice of CCM of Scheme Creditors is attached herewith for your kind attention.
This announcement is dated 24 June 2010.
Attachments: VVB-Notice of CCM (English).pdf
FARMBES - Farm's Best Berhad ("FBB" or "the Company") - Sixteenth Annual General Meeting ("16th AGM")
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: FARM'S BEST BERHAD
Stock Name: FARMBES
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: Farm's Best Berhad ("FBB" or "the Company")
- Sixteenth Annual General Meeting ("16th AGM")
Contents: The Board of Directors of FBB wishes to announce that at the 16th AGM of the Company held on 24 June 2010, the shareholders of the Company have approved all the resolutions as contained in the Notice of the 16th AGM of the Company.
This announcement is dated 24 June 2010.
Submitting Merchant Bank: -
Company Name: FARM'S BEST BERHAD
Stock Name: FARMBES
Date Announced: 24/06/2010
Announcement Detail:
Type: Announcement
Subject: Farm's Best Berhad ("FBB" or "the Company")
- Sixteenth Annual General Meeting ("16th AGM")
Contents: The Board of Directors of FBB wishes to announce that at the 16th AGM of the Company held on 24 June 2010, the shareholders of the Company have approved all the resolutions as contained in the Notice of the 16th AGM of the Company.
This announcement is dated 24 June 2010.
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