M3NERGY - General Announcement
Announcement Type: General Announcement
Company Name: M3NERGY BERHAD
Stock Name: M3NERGY
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: M3NERGY BERHAD ("M3nergy or the Company")
- RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER FROM ADAMUS AVENUE SDN BHD ("the Offer")
Contents: Further to the announcement made by the Company on 7 June 2010, the Board of Directors of M3nergy ("the Board") wishes to further clarify on the announcement made.
Subsequent to the appointment of Hwang DBS Investment Bank Berhad ("HDBS") as the Financial Adviser to advise the Board, the Board had concurred with the opinion of Hwang DBS Investment Bank Berhad ("HDBS") on the Offer that :
(i) after considering the key factors and from a financial perspective, the Offer is not fair and therefore not compelling;
(ii) the Offer does not seem to reflect the underlying value of the Company as well as the prospects of the business of the Company; and
(iii) the Board's decision not to pursue other offers was independent of the appointment of HDBS and it was primarily driven by the fact that there were no other offers being presented to the Board at the material time.
TA Securities Holdings Berhad ("TA") who were appointed by the Board as the Independent Adviser to advise the non-interested directors and the non-interested shareholders of M3nergy in relation to the Offer had in their Independent Advise Circular to Shareholders ("Circular") given a similar view that the Offer is not fair and not reasonable, details of which have been disclosed in their Independent Advice Circular of 14 June 2010.
The Board wishes to reiterate that the Board (with the exception of Datuk Shahrazi bin Sha'ari) had concurred with the opinions of both HDBS and TA that the Offer is not fair and not reasonable.
This announcement is dated 23 July 2010.
Company Name: M3NERGY BERHAD
Stock Name: M3NERGY
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: M3NERGY BERHAD ("M3nergy or the Company")
- RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER FROM ADAMUS AVENUE SDN BHD ("the Offer")
Contents: Further to the announcement made by the Company on 7 June 2010, the Board of Directors of M3nergy ("the Board") wishes to further clarify on the announcement made.
Subsequent to the appointment of Hwang DBS Investment Bank Berhad ("HDBS") as the Financial Adviser to advise the Board, the Board had concurred with the opinion of Hwang DBS Investment Bank Berhad ("HDBS") on the Offer that :
(i) after considering the key factors and from a financial perspective, the Offer is not fair and therefore not compelling;
(ii) the Offer does not seem to reflect the underlying value of the Company as well as the prospects of the business of the Company; and
(iii) the Board's decision not to pursue other offers was independent of the appointment of HDBS and it was primarily driven by the fact that there were no other offers being presented to the Board at the material time.
TA Securities Holdings Berhad ("TA") who were appointed by the Board as the Independent Adviser to advise the non-interested directors and the non-interested shareholders of M3nergy in relation to the Offer had in their Independent Advise Circular to Shareholders ("Circular") given a similar view that the Offer is not fair and not reasonable, details of which have been disclosed in their Independent Advice Circular of 14 June 2010.
The Board wishes to reiterate that the Board (with the exception of Datuk Shahrazi bin Sha'ari) had concurred with the opinions of both HDBS and TA that the Offer is not fair and not reasonable.
This announcement is dated 23 July 2010.
PRDUREN - General Announcement
Announcement Type: General Announcement
Company Name: PERDUREN (M) BERHAD
Stock Name: PRDUREN
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION PURSUANT TO CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
-Notification of Proposed Dealings in Securities During Closed Period
Contents: Pursuant to Chapter 14.08 of the Main Market Listing Requirements on Dealings in Securities, we wish to inform that Perduren (M) Berhad ("the Company/PMB") has on 23 July 2010 received a notification dated 23 July 2010 from Mr Loh Chen Yook, Managing Director of the Company, of his intention to deal in the securities of PMB during the closed period, pending announcement of the Company's 1st quarterly results ended 30 June 2010.
Mr Loh Chen Yook's current shareholdings in the Company is as per table.
Company Name: PERDUREN (M) BERHAD
Stock Name: PRDUREN
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: NOTIFICATION PURSUANT TO CHAPTER 14 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
-Notification of Proposed Dealings in Securities During Closed Period
Contents: Pursuant to Chapter 14.08 of the Main Market Listing Requirements on Dealings in Securities, we wish to inform that Perduren (M) Berhad ("the Company/PMB") has on 23 July 2010 received a notification dated 23 July 2010 from Mr Loh Chen Yook, Managing Director of the Company, of his intention to deal in the securities of PMB during the closed period, pending announcement of the Company's 1st quarterly results ended 30 June 2010.
Mr Loh Chen Yook's current shareholdings in the Company is as per table.
BREM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 23/07/2010
Announcement Detail:
Date of buy back: 23/07/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 9,000
Minimum price paid for each share purchased ($$): 1.200
Maximum price paid for each share purchased ($$): 1.220
Total consideration paid ($$): 10,909.83
Number of shares purchased retained in treasury (units): 9,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,764,200
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.70
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 23/07/2010
Announcement Detail:
Date of buy back: 23/07/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 9,000
Minimum price paid for each share purchased ($$): 1.200
Maximum price paid for each share purchased ($$): 1.220
Total consideration paid ($$): 10,909.83
Number of shares purchased retained in treasury (units): 9,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,764,200
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 (%): 2.70
NAGAMAS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: NAGAMAS INTERNATIONAL BERHAD
Stock Name: NAGAMAS
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: NAGAMAS INTERNATIONAL BERHAD ("NAGAMAS" OR "COMPANY")
MEMORANDUM OF AGREEMENT BETWEEN NAGAMAS ENTERPRISE (HK) LIMITED, YONGZHOU CITY PEOPLE'S GOVERNMENT AND HUNAN AIRPORT CO LTD
Contents: The Board of Directors of Nagamas wishes to announce that Nagamas Enterprise (HK) Limited ("NEHK"), its wholly-owned subsidiary company has on 23 July 2010 signed a Memorandum of Agreement with Yongzhou City People's Government ["YCPG"] and Hunan Airport Co Ltd ["HACL"] (NEHK, YCPG and HACL shall collectively be referred to as "the Parties") for the Parties to embark on and undertake a project namely, China's Yongzhou International Aviation Logistics Project.
Please refer to the attachment for details of the announcement.
Attachments: NIB-MOA with YCPG & HACL.pdf
Submitting Merchant Bank: -
Company Name: NAGAMAS INTERNATIONAL BERHAD
Stock Name: NAGAMAS
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: NAGAMAS INTERNATIONAL BERHAD ("NAGAMAS" OR "COMPANY")
MEMORANDUM OF AGREEMENT BETWEEN NAGAMAS ENTERPRISE (HK) LIMITED, YONGZHOU CITY PEOPLE'S GOVERNMENT AND HUNAN AIRPORT CO LTD
Contents: The Board of Directors of Nagamas wishes to announce that Nagamas Enterprise (HK) Limited ("NEHK"), its wholly-owned subsidiary company has on 23 July 2010 signed a Memorandum of Agreement with Yongzhou City People's Government ["YCPG"] and Hunan Airport Co Ltd ["HACL"] (NEHK, YCPG and HACL shall collectively be referred to as "the Parties") for the Parties to embark on and undertake a project namely, China's Yongzhou International Aviation Logistics Project.
Please refer to the attachment for details of the announcement.
Attachments: NIB-MOA with YCPG & HACL.pdf
NAGAMAS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: NAGAMAS INTERNATIONAL BERHAD
Stock Name: NAGAMAS
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: NAGAMAS INTERNATIONAL BERHAD ("NAGAMAS" OR "COMPANY")
MEMORANDUM OF UNDERSTANDING BETWEEN NAGAMAS ENTERPRISE (HK) LIMITED AND MALAYSIA AIRPORTS CONSULTANCY SERVICES SDN. BHD.
Contents: The Board of Directors of Nagamas wishes to announce that Nagamas Enterprise (HK) Limited ("NEHK"), its wholly-owned subsidiary company has on 23 July 2010 signed a Memorandum of Understanding with Malaysia Airports Consultancy Services Sdn. Bhd. (Company No. 375245-X) ["MACS"], a wholly-owned subsidiary company of Malaysia Airports Holdings Berhad, a company listed on the Main Market of Bursa Securities (NEHK and MACS shall collectively be referred to as "the Parties") for the Parties to set out their initial understanding and agreement to explore the possibility of providing airport operation, management and technical services and consultancy services to the Yongzhou Lingling Airport as well as other airports in China to be mutually agreed .
Please refer to the attachment for details of the announcement.
Attachments: NIB-MOU with MACS.pdf
Submitting Merchant Bank: -
Company Name: NAGAMAS INTERNATIONAL BERHAD
Stock Name: NAGAMAS
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: NAGAMAS INTERNATIONAL BERHAD ("NAGAMAS" OR "COMPANY")
MEMORANDUM OF UNDERSTANDING BETWEEN NAGAMAS ENTERPRISE (HK) LIMITED AND MALAYSIA AIRPORTS CONSULTANCY SERVICES SDN. BHD.
Contents: The Board of Directors of Nagamas wishes to announce that Nagamas Enterprise (HK) Limited ("NEHK"), its wholly-owned subsidiary company has on 23 July 2010 signed a Memorandum of Understanding with Malaysia Airports Consultancy Services Sdn. Bhd. (Company No. 375245-X) ["MACS"], a wholly-owned subsidiary company of Malaysia Airports Holdings Berhad, a company listed on the Main Market of Bursa Securities (NEHK and MACS shall collectively be referred to as "the Parties") for the Parties to set out their initial understanding and agreement to explore the possibility of providing airport operation, management and technical services and consultancy services to the Yongzhou Lingling Airport as well as other airports in China to be mutually agreed .
Please refer to the attachment for details of the announcement.
Attachments: NIB-MOU with MACS.pdf
FRB - Proposed Dealings by Directors in the Securities of the Company During a Closed Period
Announcement Type: General Announcement
Company Name: FORMIS RESOURCES BERHAD
Stock Name: FRB
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Dealings by Directors in the Securities of the Company During a Closed Period
Contents: We wish to announce that pursuant to Paragraph 14.08 of the Listing Requirements of the Bursa Malaysia Securities Berhad, Formis Resources Berhad ("FRB") has on 23 July 2010 received notifications all dated 23 July 2010 from Tan Sri Dato' Seri Megat Najmuddin bin Datuk Seri Dr. Hj. Megat Khas ("Tan Sri Megat"), Dato' Mah Siew Kwok ("Dato' Mah"), Datuk Rahim bin Baba ("Datuk Rahim") and Mr Chan Ngow ("Mr Chan") of their intention to deal in the Securities of FRB during the closed period pending an announcement of the Company's financial results for the 1st quarter ended 30 June 2010. Their current shareholdings is as per Table A below.
Company Name: FORMIS RESOURCES BERHAD
Stock Name: FRB
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Dealings by Directors in the Securities of the Company During a Closed Period
Contents: We wish to announce that pursuant to Paragraph 14.08 of the Listing Requirements of the Bursa Malaysia Securities Berhad, Formis Resources Berhad ("FRB") has on 23 July 2010 received notifications all dated 23 July 2010 from Tan Sri Dato' Seri Megat Najmuddin bin Datuk Seri Dr. Hj. Megat Khas ("Tan Sri Megat"), Dato' Mah Siew Kwok ("Dato' Mah"), Datuk Rahim bin Baba ("Datuk Rahim") and Mr Chan Ngow ("Mr Chan") of their intention to deal in the Securities of FRB during the closed period pending an announcement of the Company's financial results for the 1st quarter ended 30 June 2010. Their current shareholdings is as per Table A below.
MTD - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 23/07/2010
Announcement Detail:
Date of buy back: 23/07/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,000
Minimum price paid for each share purchased ($$): 4.980
Maximum price paid for each share purchased ($$): 4.990
Total consideration paid ($$): 54,870.20
Number of shares purchased retained in treasury (units): 11,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 26,409,932
Adjusted issued capital after cancellation (no. of shares) (units): 275,000,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 9.60
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 23/07/2010
Announcement Detail:
Date of buy back: 23/07/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,000
Minimum price paid for each share purchased ($$): 4.980
Maximum price paid for each share purchased ($$): 4.990
Total consideration paid ($$): 54,870.20
Number of shares purchased retained in treasury (units): 11,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 26,409,932
Adjusted issued capital after cancellation (no. of shares) (units): 275,000,000
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 9.60
MTD - General Announcement
Announcement Type: General Announcement
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Acquisition of the Remaining 25% Equity Interest in Wincon Development Ceylon (Private) Limited
Contents: MTD Capital Bhd ("MTD" or "the Company") wishes to announce that Metacorp Berhad ("Metacorp"), a wholly-owned subsidiary of the Company (direct and indirect interests), had on 23 July 2010 entered into a Share Sale Agreement ("SSA") with Pembinaan Wincon Sdn Bhd for the acquisition of Seven Million Three Thousand Five Hundred Forty Five (7,003,545) ordinary shares of Sri Lanka Rupees Ten (Rps. 10/-) each in Wincon Development Ceylon (Private) Limited ("Wincon") representing 25% of the stated share capital of Wincon for a cash consideration of Ringgit Malaysia One (RM1.00) or equivalent to Sri Lanka Rupees Thirty Five (Rps. 35/-) only ("Proposed Acquisition").
Wincon is a limited liability company incorporated in Sri Lanka which is involved in property development in Sri Lanka. The stated share capital of Wincon is Sri Lanka Rupees Two Hundred Eighty Million One Hundred Forty One Thousand Seven Hundred Eighty (Rps. 280,141,780/-) only divided into Twenty Eight Million Fourteen Thousand One Hundred Seventy Eight (28,014,178) ordinary shares of Sri Lanka Rupees Ten (Rps. 10/-) each.
The Proposed Acquisition is to be completed upon the performance by the parties of their respective obligations as set out in the SSA. Upon completion of the Proposed Acquisition, Wincon will become a wholly-owned subsidiary of Metacorp.
The Proposed Acquisition will not have any effect on the share capital and substantial shareholders' shareholdings of MTD, earnings per share and net assets of MTD group.
The percentage ratio of the Proposed Acquisition is below 5% and this announcement is made pursuant to Paragraph 10.05 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements. The Proposed Acquisition is not subject to the approval of the shareholders of MTD.
None of the Directors, major shareholders of MTD and/or persons connected to them have any interest, direct or indirect, in the Proposed Acquisition. The Directors of MTD is of the opinion that the Proposed Acquisition is in the best interest of MTD group.
This announcement is dated 23 July 2010.
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Acquisition of the Remaining 25% Equity Interest in Wincon Development Ceylon (Private) Limited
Contents: MTD Capital Bhd ("MTD" or "the Company") wishes to announce that Metacorp Berhad ("Metacorp"), a wholly-owned subsidiary of the Company (direct and indirect interests), had on 23 July 2010 entered into a Share Sale Agreement ("SSA") with Pembinaan Wincon Sdn Bhd for the acquisition of Seven Million Three Thousand Five Hundred Forty Five (7,003,545) ordinary shares of Sri Lanka Rupees Ten (Rps. 10/-) each in Wincon Development Ceylon (Private) Limited ("Wincon") representing 25% of the stated share capital of Wincon for a cash consideration of Ringgit Malaysia One (RM1.00) or equivalent to Sri Lanka Rupees Thirty Five (Rps. 35/-) only ("Proposed Acquisition").
Wincon is a limited liability company incorporated in Sri Lanka which is involved in property development in Sri Lanka. The stated share capital of Wincon is Sri Lanka Rupees Two Hundred Eighty Million One Hundred Forty One Thousand Seven Hundred Eighty (Rps. 280,141,780/-) only divided into Twenty Eight Million Fourteen Thousand One Hundred Seventy Eight (28,014,178) ordinary shares of Sri Lanka Rupees Ten (Rps. 10/-) each.
The Proposed Acquisition is to be completed upon the performance by the parties of their respective obligations as set out in the SSA. Upon completion of the Proposed Acquisition, Wincon will become a wholly-owned subsidiary of Metacorp.
The Proposed Acquisition will not have any effect on the share capital and substantial shareholders' shareholdings of MTD, earnings per share and net assets of MTD group.
The percentage ratio of the Proposed Acquisition is below 5% and this announcement is made pursuant to Paragraph 10.05 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements. The Proposed Acquisition is not subject to the approval of the shareholders of MTD.
None of the Directors, major shareholders of MTD and/or persons connected to them have any interest, direct or indirect, in the Proposed Acquisition. The Directors of MTD is of the opinion that the Proposed Acquisition is in the best interest of MTD group.
This announcement is dated 23 July 2010.
LINEAR - General Announcement
Announcement Type: General Announcement
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: Linear Corporation Berhad ("Linear" or "Company")
Monthly Announcement Pursuant to Practice Note 1/2001
("PN1") of the Main Market Listing Requirements of Bursa
Malaysia Securities Berhad
Default in Payment
Contents: In compliance with paragraph 3.2 of Practice Note 1/2001 and further to the announcement made
on June 25 2010, the Board of Directors of Linear wishes to announce that there has been no material
development on the status as announced previously on June 25 2010.
This announcement is dated July 23 2010.
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: Linear Corporation Berhad ("Linear" or "Company")
Monthly Announcement Pursuant to Practice Note 1/2001
("PN1") of the Main Market Listing Requirements of Bursa
Malaysia Securities Berhad
Default in Payment
Contents: In compliance with paragraph 3.2 of Practice Note 1/2001 and further to the announcement made
on June 25 2010, the Board of Directors of Linear wishes to announce that there has been no material
development on the status as announced previously on June 25 2010.
This announcement is dated July 23 2010.
HIRO - ACQUISITION OF PA RESOURCES BERHAD
Announcement Type: General Announcement
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF PA RESOURCES BERHAD
Contents: The Board of Directors of Hirotako Holdings Berhad (HHB) wishes to announce that on 23 July 2010, HHB has been allotted a total of 24,412,520 ordinary shares of RM0.50 each and 24,412,520 free warrants in PA Resources Berhad (PA) via PA's rights issue exercise on the basis of one (1) rights share for every two (2) existing PA shares held, together with one (1) free warrant for every rights share subscribed at the cost of RM0.50 per rights share. HHB has subscribed in full, of its entitlement of 3,102,250 shares under the said rights and has been allotted 21,310,270 excess shares making a total of 24,412,520.
HHB has previously held 6,244,500 ordinary shares of RM0.50 each representing 3% of the issued and paid-up capital of PA. These shares were purchased in the open market at a consideration of RM3,584,906.
In total, HHB now holds 30,657,020 ordinary shares of RM0.50 each representing 15% of the issued and paid-up capital and 24,412,520 warrants in PA at a total consideration of RM15,791,166.
This announcement is dated 23 July 2010.
Attachments: Acquisition of shares.doc
Company Name: HIROTAKO HOLDINGS BHD
Stock Name: HIRO
Date Announced: 23/07/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF PA RESOURCES BERHAD
Contents: The Board of Directors of Hirotako Holdings Berhad (HHB) wishes to announce that on 23 July 2010, HHB has been allotted a total of 24,412,520 ordinary shares of RM0.50 each and 24,412,520 free warrants in PA Resources Berhad (PA) via PA's rights issue exercise on the basis of one (1) rights share for every two (2) existing PA shares held, together with one (1) free warrant for every rights share subscribed at the cost of RM0.50 per rights share. HHB has subscribed in full, of its entitlement of 3,102,250 shares under the said rights and has been allotted 21,310,270 excess shares making a total of 24,412,520.
HHB has previously held 6,244,500 ordinary shares of RM0.50 each representing 3% of the issued and paid-up capital of PA. These shares were purchased in the open market at a consideration of RM3,584,906.
In total, HHB now holds 30,657,020 ordinary shares of RM0.50 each representing 15% of the issued and paid-up capital and 24,412,520 warrants in PA at a total consideration of RM15,791,166.
This announcement is dated 23 July 2010.
Attachments: Acquisition of shares.doc
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