ANCOMLB - General Announcement
Announcement Type: General Announcement
Company Name: ANCOM LOGISTICS BERHAD (ACE Market)
Stock Name: ANCOMLB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO GN3 OF THE LISTING REQUIREMENTS OF BURSA SECURITIES MALAYSIA BERHAD FOR THE ACE MARKET
Contents: Further to the Company's monthly announcements dated 4 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 1 May 2010 and 1 June 2010, the Company wishes to announce that the Proposed Restructuring Scheme, which was submitted to Bursa Malaysia Securities Berhad ("Bursa Securities"), the Ministry of International Trade and Industry ("MITI") and the Securities Commission on 29 January 2010, has been approved by Bursa Securities on 24 June 2010 as announced by Maybank Investment Bank Berhad ("Maybank IB") on behalf of the Company on 25 June 2010.
The approval of the Proposed Restructuring Scheme is subject to the following conditions:
(i) A moratorium to be imposed on the consideration shares pursuant to the Proposed Acquisition of STL Group in the manner disclosed in Section 3.19 of the ACE Market Listing Requirements ("ACE LR");
(ii) ALB and Maybank IB must fully comply with the relevant provisions under the ACE LR pertaining to the implementation of the Proposed Restructuring Scheme;
(iii) ALB and Maybank IB to inform Bursa Securities upon completion of the Proposed Restructuring Scheme; and
(iv) ALB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Restructuring Scheme is completed.
The Company further wishes to announce that the Proposed Restructuring Scheme is now subject to the approval of the Company's shareholders, at an extraordinary general meeting to be convened and also the sanction of the High Court of Malaya for the Proposed Capital Reduction and the MITI for the nomination of Bumiputera Investors and / or to approve the Bumiputera Investors to be identified at a later stage.
This announcement is dated 1 July 2010
Company Name: ANCOM LOGISTICS BERHAD (ACE Market)
Stock Name: ANCOMLB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE THE FINANCIAL CONDITION OF THE COMPANY PURSUANT TO GN3 OF THE LISTING REQUIREMENTS OF BURSA SECURITIES MALAYSIA BERHAD FOR THE ACE MARKET
Contents: Further to the Company's monthly announcements dated 4 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 1 May 2010 and 1 June 2010, the Company wishes to announce that the Proposed Restructuring Scheme, which was submitted to Bursa Malaysia Securities Berhad ("Bursa Securities"), the Ministry of International Trade and Industry ("MITI") and the Securities Commission on 29 January 2010, has been approved by Bursa Securities on 24 June 2010 as announced by Maybank Investment Bank Berhad ("Maybank IB") on behalf of the Company on 25 June 2010.
The approval of the Proposed Restructuring Scheme is subject to the following conditions:
(i) A moratorium to be imposed on the consideration shares pursuant to the Proposed Acquisition of STL Group in the manner disclosed in Section 3.19 of the ACE Market Listing Requirements ("ACE LR");
(ii) ALB and Maybank IB must fully comply with the relevant provisions under the ACE LR pertaining to the implementation of the Proposed Restructuring Scheme;
(iii) ALB and Maybank IB to inform Bursa Securities upon completion of the Proposed Restructuring Scheme; and
(iv) ALB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Restructuring Scheme is completed.
The Company further wishes to announce that the Proposed Restructuring Scheme is now subject to the approval of the Company's shareholders, at an extraordinary general meeting to be convened and also the sanction of the High Court of Malaya for the Proposed Capital Reduction and the MITI for the nomination of Bumiputera Investors and / or to approve the Bumiputera Investors to be identified at a later stage.
This announcement is dated 1 July 2010
CARLAW - General Announcement
Announcement Type: General Announcement
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: HDM-CARLAW CORPORATION BERHAD ("HDM" or "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Reference is made to the announcement made by the Company on 1 June 2010.
In compliance with paragraph 4.1(b) of GN3 and 3.2(a) of GN5 of the AMLR, the Board wishes to announce that that the Company is still in the process of finalising its regularisation plan to meet its obligations under GN3 and GN5. Barring any unforeseen circumstances, the Company expects to submit the aforementioned regularisation plan to the relevant authorities within the month of July 2010.
The last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 3 September 2010 (which is approximately 2 months from the date of this announcement).
Save as disclosed above, there were no other material developments on the status of default save for those that have been publicly announced.
This announcement is dated 1 July 2010.
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: HDM-CARLAW CORPORATION BERHAD ("HDM" or "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Reference is made to the announcement made by the Company on 1 June 2010.
In compliance with paragraph 4.1(b) of GN3 and 3.2(a) of GN5 of the AMLR, the Board wishes to announce that that the Company is still in the process of finalising its regularisation plan to meet its obligations under GN3 and GN5. Barring any unforeseen circumstances, the Company expects to submit the aforementioned regularisation plan to the relevant authorities within the month of July 2010.
The last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 3 September 2010 (which is approximately 2 months from the date of this announcement).
Save as disclosed above, there were no other material developments on the status of default save for those that have been publicly announced.
This announcement is dated 1 July 2010.
HDISPLY - General Announcement
Announcement Type: General Announcement
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 01/07/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Type: Announcement
Subject: H-DISPLAYS (MSC) BERHAD ("HDISPLY" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET
Contents: Reference is made to the First Announcement made by the Company on 31 May 2010 in compliance with Rule 4.1(b) of Guidance Note 3 of the Listing Requirements of Bursa Malaysia Securities Berhad for the ACE Market. The Board of Directors of HDISPLY wishes to inform that the Company is still in the midst of evaluating various options in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
Premised on the First Announcement, the last day for submission of the Regularisation Plan by the Company to the relevant authorities would be by 30 May 2011, which is approximately 11 months from the date hereof.
This announcement is dated 1 July 2010.
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 01/07/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Type: Announcement
Subject: H-DISPLAYS (MSC) BERHAD ("HDISPLY" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUIDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET
Contents: Reference is made to the First Announcement made by the Company on 31 May 2010 in compliance with Rule 4.1(b) of Guidance Note 3 of the Listing Requirements of Bursa Malaysia Securities Berhad for the ACE Market. The Board of Directors of HDISPLY wishes to inform that the Company is still in the midst of evaluating various options in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
Premised on the First Announcement, the last day for submission of the Regularisation Plan by the Company to the relevant authorities would be by 30 May 2011, which is approximately 11 months from the date hereof.
This announcement is dated 1 July 2010.
EQUINE - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: EQUINE CAPITAL BERHAD
Stock Name: EQUINE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: EQUINE CAPITAL BERHAD ("Equine" or the "Company")
Proposed establishment of an employees' share option scheme
Contents: On behalf of the Board of Directors of Equine, HwangDBS Investment Bank Berhad wishes to announce that the Company proposes to implement an employees' share option scheme ("ESOS") for the benefit of the eligible employees and Executive Directors of Equine and its subsidiaries ("Proposed ESOS").
Further details on the Proposed ESOS are set out in the attachment below.
This announcement is dated 1 July 2010.
Attachments: Proposed ESOS.pdf
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: EQUINE CAPITAL BERHAD
Stock Name: EQUINE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: EQUINE CAPITAL BERHAD ("Equine" or the "Company")
Proposed establishment of an employees' share option scheme
Contents: On behalf of the Board of Directors of Equine, HwangDBS Investment Bank Berhad wishes to announce that the Company proposes to implement an employees' share option scheme ("ESOS") for the benefit of the eligible employees and Executive Directors of Equine and its subsidiaries ("Proposed ESOS").
Further details on the Proposed ESOS are set out in the attachment below.
This announcement is dated 1 July 2010.
Attachments: Proposed ESOS.pdf
BJTOTO - INCREASE IN POOL BETTING DUTY
Announcement Type: General Announcement
Company Name: BERJAYA SPORTS TOTO BERHAD
Stock Name: BJTOTO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: INCREASE IN POOL BETTING DUTY
Contents: The Board of Directors of Berjaya Sports Toto Berhad ("BToto") wishes to inform that its wholly-owned subsidiary, Sports Toto Malaysia Sdn Bhd ("STMSB") has received a letter dated 29 June 2010 from the Ministry of Finance on the revision of the tax and duties on gaming activities in Malaysia.
The pool betting duty applicable to STMSB, which is based on its gross turnover after deduction of the gaming tax payable, has been increased from 6% to 8%. This new rate is applicable on draws starting from 1 June 2010.
Barring any other unforeseen circumstances and taking into account the launch of the new game Supreme Toto 6/58 in March 2010, the Directors remain optimistic that the operating performance of the BToto Group for the financial year ending 30 April 2011 will be good.
Company Name: BERJAYA SPORTS TOTO BERHAD
Stock Name: BJTOTO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: INCREASE IN POOL BETTING DUTY
Contents: The Board of Directors of Berjaya Sports Toto Berhad ("BToto") wishes to inform that its wholly-owned subsidiary, Sports Toto Malaysia Sdn Bhd ("STMSB") has received a letter dated 29 June 2010 from the Ministry of Finance on the revision of the tax and duties on gaming activities in Malaysia.
The pool betting duty applicable to STMSB, which is based on its gross turnover after deduction of the gaming tax payable, has been increased from 6% to 8%. This new rate is applicable on draws starting from 1 June 2010.
Barring any other unforeseen circumstances and taking into account the launch of the new game Supreme Toto 6/58 in March 2010, the Directors remain optimistic that the operating performance of the BToto Group for the financial year ending 30 April 2011 will be good.
IRCB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: INTEGRATED RUBBER CORPORATION BERHAD
Stock Name: IRCB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: INTEGRATED RUBBER CORPORATION BERHAD ("IRCB" OR "THE COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(III) PROPOSED AMENDMENTS.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: On behalf of the Board of Directors of IRCB, OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed share capital reduction by cancellation of RM0.30 of the par value of every existing ordinary share of RM0.50 each in IRCB to be set-off against the accumulated losses of IRCB;
(ii) proposed renounceable rights issue of 355,215,720 new ordinary shares of RM0.20 each in IRCB together with 236,810,480 free detachable new warrants on the basis of three (3) Rights Shares together with two (2) Warrants for every two (2) ordinary shares of RM0.20 each in IRCB from the resultant Proposed Capital Reduction held on the entitlement date to be determined later; and
(iii) proposed amendment to the Company's Memorandum of Association to facilitate the change in the par value of IRCB Shares from the resultant Proposed Capital Reduction.
Further details on the Proposals are set out in the attachment enclosed.
This announcement is dated 1 July 2010.
Attachments: IRCB - Announcement.pdf
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: INTEGRATED RUBBER CORPORATION BERHAD
Stock Name: IRCB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: INTEGRATED RUBBER CORPORATION BERHAD ("IRCB" OR "THE COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(III) PROPOSED AMENDMENTS.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: On behalf of the Board of Directors of IRCB, OSK Investment Bank Berhad wishes to announce that the Company proposes to undertake the following:
(i) proposed share capital reduction by cancellation of RM0.30 of the par value of every existing ordinary share of RM0.50 each in IRCB to be set-off against the accumulated losses of IRCB;
(ii) proposed renounceable rights issue of 355,215,720 new ordinary shares of RM0.20 each in IRCB together with 236,810,480 free detachable new warrants on the basis of three (3) Rights Shares together with two (2) Warrants for every two (2) ordinary shares of RM0.20 each in IRCB from the resultant Proposed Capital Reduction held on the entitlement date to be determined later; and
(iii) proposed amendment to the Company's Memorandum of Association to facilitate the change in the par value of IRCB Shares from the resultant Proposed Capital Reduction.
Further details on the Proposals are set out in the attachment enclosed.
This announcement is dated 1 July 2010.
Attachments: IRCB - Announcement.pdf
AFG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Ou Shian Waei
Age: 59
Nationality: Malaysian
Qualifications: Bachelor of Science degree in Chemistry, University of Malaya
Working experience and occupation: Mr Ou Shian Waei started his career with a local bank as a management trainee from 1976 to 1980. He joined IBM Malaysia in 1981 as a trainee System Engineer and had moved to various technical and management roles. Mr Ou was the Managing Director of IBM Malaysia before his retirement in January 2010 after almost 30 years of service with IBM.
Mr Ou was the PIKOM (Association of Malaysia Computer Industry) Councillor from 1997 to 1998 and was awarded the �??Key Industry Leader Award' in 2006 by PIKOM for his contributions to Malaysia's IT industry. He was also the Chairman for NITC (National International Technology Council) Taskforce for IT literacy in 1997 and Adjunct Professor for the Department of Economics & Business Administration at University Putra Malaysia from 1998 to 1999.
He is currently the Advisor, Global Missions Integration and Government Strategy in IBM Malaysia.
Directorship of public companies (if any): Heitech Padu Berhad (310628-D)
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: Mr Ou was appointed by the Directors as an addition to the existing Directors pursuant to Article 89 of the Articles of Association of the Company. In accordance with the said Article 89, Mr Ou shall retire at the forthcoming 44th Annual General Meeting ("AGM") of the Company to be held on 29 July 2010 and being eligible, has offered himself for re-election.
Accordingly, an additional resolution for the re-election of Mr Ou will be tabled at the said 44th AGM for shareholders' approval.
Company Name: ALLIANCE FINANCIAL GROUP BERHAD
Stock Name: AFG
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Ou Shian Waei
Age: 59
Nationality: Malaysian
Qualifications: Bachelor of Science degree in Chemistry, University of Malaya
Working experience and occupation: Mr Ou Shian Waei started his career with a local bank as a management trainee from 1976 to 1980. He joined IBM Malaysia in 1981 as a trainee System Engineer and had moved to various technical and management roles. Mr Ou was the Managing Director of IBM Malaysia before his retirement in January 2010 after almost 30 years of service with IBM.
Mr Ou was the PIKOM (Association of Malaysia Computer Industry) Councillor from 1997 to 1998 and was awarded the �??Key Industry Leader Award' in 2006 by PIKOM for his contributions to Malaysia's IT industry. He was also the Chairman for NITC (National International Technology Council) Taskforce for IT literacy in 1997 and Adjunct Professor for the Department of Economics & Business Administration at University Putra Malaysia from 1998 to 1999.
He is currently the Advisor, Global Missions Integration and Government Strategy in IBM Malaysia.
Directorship of public companies (if any): Heitech Padu Berhad (310628-D)
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: Mr Ou was appointed by the Directors as an addition to the existing Directors pursuant to Article 89 of the Articles of Association of the Company. In accordance with the said Article 89, Mr Ou shall retire at the forthcoming 44th Annual General Meeting ("AGM") of the Company to be held on 29 July 2010 and being eligible, has offered himself for re-election.
Accordingly, an additional resolution for the re-election of Mr Ou will be tabled at the said 44th AGM for shareholders' approval.
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: 01/07/2010
Announcement Detail:
Date of buy back: 01/07/2010
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.640
Maximum price paid for each share purchased ($$): 1.650
Total consideration paid ($$): 16,610.89
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 12,631,400
Adjusted issued capital after cancellation (no. of shares) (units): 242,205,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 5.22
Remarks: This announcement is dated 1 July 2010.
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 01/07/2010
Announcement Detail:
Date of buy back: 01/07/2010
Description of shares purchased: Ordinary shares of MYR1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.640
Maximum price paid for each share purchased ($$): 1.650
Total consideration paid ($$): 16,610.89
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 12,631,400
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 (%): 5.22
Remarks: This announcement is dated 1 July 2010.
MUIIND - Listing Circular
Announcement Type: Listing Circular
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 01/07/2010
Announcement Detail:
Subject: MUIIND-Conversion of RM2,672,779.00 nominal value of Class A1 Irredeemable Convertible Unsecured Loan Stocks ("ICULS-A1") into 2,672,779 new ordinary shares ("Conversion of ICULS-A1")
Contents: Kindly be advised that the abovementioned Company's additional 2,672,779 new ordinary shares of RM1.00 each arising from the aforesaid Conversion of ICULS-A1 will be granted listing and quotation with effect from 9.00 a.m., Monday, 5 July 2010.
Company Name: MALAYAN UNITED INDUSTRIES BERHAD
Stock Name: MUIIND
Date Announced: 01/07/2010
Announcement Detail:
Subject: MUIIND-Conversion of RM2,672,779.00 nominal value of Class A1 Irredeemable Convertible Unsecured Loan Stocks ("ICULS-A1") into 2,672,779 new ordinary shares ("Conversion of ICULS-A1")
Contents: Kindly be advised that the abovementioned Company's additional 2,672,779 new ordinary shares of RM1.00 each arising from the aforesaid Conversion of ICULS-A1 will be granted listing and quotation with effect from 9.00 a.m., Monday, 5 July 2010.
TCHONG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name: TCHONG
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Siew Kah Toong
Age: 55
Nationality: Malaysian
Qualifications: A member of the Malaysian Institute of Accountants (MIA), the Malaysian Institute of Certified Public Accountants (MICPA) and CPA Australia.
Working experience and occupation: Mr Siew joined Sekhar & Tan, Chartered Accountants, as its Managing Partner at the beginning of 2009. Prior to that he served as the Managing Partner of one of the leading accounting firms in Malaysia.
Mr Siew's area of expertise is in auditing, financial reporting and corporate advisory. He had served as the audit engagement partner on many public listed companies. He was also involved in the role of Special Administrator for various public listed companies pursuant to the Pengurusan Danaharta Nasional Berhad Act, 1998 and successfully restructured them for re-listing.
Besides having extensive experience in public accounting practice, Mr Siew had served for 4 years as the Finance Director of Malaysian Mosaics Berhad, a major diversified corporation listed on the Main Board of Bursa Malaysia where he was involved in the reorganization of the Group, restructuring of banking and financing arrangements and mergers and acquisition besides improving the financing reporting systems.
He is a member of the Developing Nations Committee of the International Federation of Accountants (IFAC), a member of the Practice Review Committee of the MIA and the Public Practice, Technical and Financial Statement Review Committees of MICPA. He had served as a Board member of the Financial Reporting Foundation for two (2) terms.
Mr Siew is also an Independent Non-Executive Director of Emas Kiara Industries Berhad and appointed Chairman of its Audit Committee.
Directorship of public companies (if any): Emas Kiara Industries 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
Company Name: TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name: TCHONG
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Siew Kah Toong
Age: 55
Nationality: Malaysian
Qualifications: A member of the Malaysian Institute of Accountants (MIA), the Malaysian Institute of Certified Public Accountants (MICPA) and CPA Australia.
Working experience and occupation: Mr Siew joined Sekhar & Tan, Chartered Accountants, as its Managing Partner at the beginning of 2009. Prior to that he served as the Managing Partner of one of the leading accounting firms in Malaysia.
Mr Siew's area of expertise is in auditing, financial reporting and corporate advisory. He had served as the audit engagement partner on many public listed companies. He was also involved in the role of Special Administrator for various public listed companies pursuant to the Pengurusan Danaharta Nasional Berhad Act, 1998 and successfully restructured them for re-listing.
Besides having extensive experience in public accounting practice, Mr Siew had served for 4 years as the Finance Director of Malaysian Mosaics Berhad, a major diversified corporation listed on the Main Board of Bursa Malaysia where he was involved in the reorganization of the Group, restructuring of banking and financing arrangements and mergers and acquisition besides improving the financing reporting systems.
He is a member of the Developing Nations Committee of the International Federation of Accountants (IFAC), a member of the Practice Review Committee of the MIA and the Public Practice, Technical and Financial Statement Review Committees of MICPA. He had served as a Board member of the Financial Reporting Foundation for two (2) terms.
Mr Siew is also an Independent Non-Executive Director of Emas Kiara Industries Berhad and appointed Chairman of its Audit Committee.
Directorship of public companies (if any): Emas Kiara Industries 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
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