MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" or "THE COMPANY")
-MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO GUIDANCE NOTE 3 ("GN 3") OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 June 2010, the Board of Directors of Memstech wishes to announce that the Company had via Aminvestment Bank Berhad (a member of Aminvestment Bank Group) ("AmInvestment Bank") announced its Proposed Restructuring Scheme on 31 May 2010.
In addition, AmInvestment Bank had on 1 June 2010, on behalf of Memstech, submitted an appeal for an extension of time to submit its regularisation plan to Bursa Securities.
This announcement is dated 1 July 2010.
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" or "THE COMPANY")
-MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO GUIDANCE NOTE 3 ("GN 3") OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 June 2010, the Board of Directors of Memstech wishes to announce that the Company had via Aminvestment Bank Berhad (a member of Aminvestment Bank Group) ("AmInvestment Bank") announced its Proposed Restructuring Scheme on 31 May 2010.
In addition, AmInvestment Bank had on 1 June 2010, on behalf of Memstech, submitted an appeal for an extension of time to submit its regularisation plan to Bursa Securities.
This announcement is dated 1 July 2010.
MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" or "THE COMPANY")
-MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 5 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("GN5")
Contents: Further to the announcement made on 1 June 2010, the Board of Directors of Memstech wishes to provide an update on the details and status of the various credit facilities in default by the Company and its subsidiaries to financial institutions as at 30 June 2010, as set out in Table 1 of the Appendix of this Announcement.
The Company had via Aminvestment Bank Berhad (a member of Aminvestment Bank Group) ("AmInvestment Bank") announced its Proposed Restructuring Scheme on 31 May 2010.
In addition, AmInvestment Bank had on 1 June 2010, on behalf of Memstech, submitted an appeal for an extension of time to submit its regularisation plan to Bursa Securities.
This announcement is dated 1 July 2010.
Attachments: Appendix - Table 1 30.6.2010(3).doc
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" or "THE COMPANY")
-MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 5 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("GN5")
Contents: Further to the announcement made on 1 June 2010, the Board of Directors of Memstech wishes to provide an update on the details and status of the various credit facilities in default by the Company and its subsidiaries to financial institutions as at 30 June 2010, as set out in Table 1 of the Appendix of this Announcement.
The Company had via Aminvestment Bank Berhad (a member of Aminvestment Bank Group) ("AmInvestment Bank") announced its Proposed Restructuring Scheme on 31 May 2010.
In addition, AmInvestment Bank had on 1 June 2010, on behalf of Memstech, submitted an appeal for an extension of time to submit its regularisation plan to Bursa Securities.
This announcement is dated 1 July 2010.
Attachments: Appendix - Table 1 30.6.2010(3).doc
AMOLEK - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: THE AYER MOLEK RUBBER COMPANY BERHAD ("AMOLEK" OR THE "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement dated 1 June 2010 and pursuant to Paragraph 4.4 of PN17, the Board of Directors of AMolek wishes to inform that the Company is evaluating its options to meet its obligations under PN17 and has approximately four and a half (4���) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 1 July 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: THE AYER MOLEK RUBBER COMPANY BERHAD ("AMOLEK" OR THE "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement dated 1 June 2010 and pursuant to Paragraph 4.4 of PN17, the Board of Directors of AMolek wishes to inform that the Company is evaluating its options to meet its obligations under PN17 and has approximately four and a half (4���) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 1 July 2010.
AMOLEK - General Announcement
Announcement Type: General Announcement
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: THE AYER MOLEK RUBBER COMPANY BERHAD ("the Company" or "AMOLEK")
Notice Pursuant to Section 218(1) e and 2(a) of the Companies Act, 1965
Contents: The Company wishes to announce that a Notice pursuant to Section 218(1) e and 2(a) of the Companies Act, 1965 dated 21 June 2010 has been served on the Company on 30 June 2010 by the Solicitors acting for Pengurusan Danaharta Nasional Berhad demanding for the payment within twenty-one (21) days thereof the following sum outstanding as at 18 January 2010 together with accrued interest and costs thereon on a final Judgement entered against the Company on 18 January 2010 under Kuala Lumpur High Court Suit No. D2-22-1165-2009 against the Company as follows:-
1. the sum of RM6,886,241-42;
2. further interest accruing on the said amount of RM6,886,241-42 at the rate of 2% per annum together with default interest of at 1% per annum above the Base Lending Rate calculated on monthly rest basis from 1 April 2005 until full realisation; and
3. cost of RM225-00.
The Company wishes to state that the writ of summon for abovementioned suit was never served on the Company at all. Hence, it appears that the judgement was entered in default. In view of this, the Company shall resist the claim and apply to Court to set aside the judgement in default.
The Company is seeking legal advice and will take the appropriate course of action to defend the claim against the Company.
The Company will make the appropriate announcement on the developments of this matter in due course.
This announcement is dated 1 July 2010.
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: THE AYER MOLEK RUBBER COMPANY BERHAD ("the Company" or "AMOLEK")
Notice Pursuant to Section 218(1) e and 2(a) of the Companies Act, 1965
Contents: The Company wishes to announce that a Notice pursuant to Section 218(1) e and 2(a) of the Companies Act, 1965 dated 21 June 2010 has been served on the Company on 30 June 2010 by the Solicitors acting for Pengurusan Danaharta Nasional Berhad demanding for the payment within twenty-one (21) days thereof the following sum outstanding as at 18 January 2010 together with accrued interest and costs thereon on a final Judgement entered against the Company on 18 January 2010 under Kuala Lumpur High Court Suit No. D2-22-1165-2009 against the Company as follows:-
1. the sum of RM6,886,241-42;
2. further interest accruing on the said amount of RM6,886,241-42 at the rate of 2% per annum together with default interest of at 1% per annum above the Base Lending Rate calculated on monthly rest basis from 1 April 2005 until full realisation; and
3. cost of RM225-00.
The Company wishes to state that the writ of summon for abovementioned suit was never served on the Company at all. Hence, it appears that the judgement was entered in default. In view of this, the Company shall resist the claim and apply to Court to set aside the judgement in default.
The Company is seeking legal advice and will take the appropriate course of action to defend the claim against the Company.
The Company will make the appropriate announcement on the developments of this matter in due course.
This announcement is dated 1 July 2010.
MFCB - Dealings in Quoted Securities
Announcement Type: General Announcement
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Quoted Securities
Contents: Pursuant to Paragraph 9.20 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main LR"), Mega First Corporation Berhad ("MFCB") wishes to inform that the aggregate sale consideration of quoted securities for the period from 8 June 2010 to 30 June 2010 has exceeded 5% of MFCB Group's audited net assets as at 31 December 2009, details of which are as per Table A below.
As at 30 June 2010, the investments in quoted securities held by MFCB Group are set out below :-
i) Total Cost : RM78.5 million
ii) Book Value : RM86.9 million
iii) Market Value : RM86.9 million
Total net gain from the sales of quoted securities by MFCB Group for the current financial year ending 31 December 2010 amounted to RM8.0 million.
This announcement is dated 1 July 2010.
Company Name: MEGA FIRST CORPORATION BERHAD
Stock Name: MFCB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Quoted Securities
Contents: Pursuant to Paragraph 9.20 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements ("Main LR"), Mega First Corporation Berhad ("MFCB") wishes to inform that the aggregate sale consideration of quoted securities for the period from 8 June 2010 to 30 June 2010 has exceeded 5% of MFCB Group's audited net assets as at 31 December 2009, details of which are as per Table A below.
As at 30 June 2010, the investments in quoted securities held by MFCB Group are set out below :-
i) Total Cost : RM78.5 million
ii) Book Value : RM86.9 million
iii) Market Value : RM86.9 million
Total net gain from the sales of quoted securities by MFCB Group for the current financial year ending 31 December 2010 amounted to RM8.0 million.
This announcement is dated 1 July 2010.
APM - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name: APM
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: LOW SENG CHEE
Age: 51
Nationality: Malaysian
Qualifications: Master of Business Administration, Heriot-Watt University, Edinburg, Scotland
Bachelor of Engineering, Monash University, Melbourne, Australia
Working experience and occupation: Mr. Low has more than 25 years of working experience in high volume semiconductor production, automotive component manufacturing, vehicle assembly as well as vehicle retailing.
Senior management positions held by Mr. Low included heading the operations of automotive assembly plants of several global marques in Malaysia, an aluminium diecast foundry supplying to local automotive and motorcycle manufacturers in Malaysia as well as for export markets.
Directorship of public companies (if any): none
Family relationship with any director and/or major shareholder of the listed issuer: none
Any conflict of interests that he/she has with the listed issuer: Mr. Low was an Executive Director of Tan Chong Motor Assemblies Sdn Bhd ("TCMA") up to 30 June 2010 and continues to serve as a director of TCMA which is one of the customers of the subsidiaries of the listed issuer.
Details of any interest in the securities of the listed issuer or its subsidiaries: none
Company Name: APM AUTOMOTIVE HOLDINGS BERHAD
Stock Name: APM
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: LOW SENG CHEE
Age: 51
Nationality: Malaysian
Qualifications: Master of Business Administration, Heriot-Watt University, Edinburg, Scotland
Bachelor of Engineering, Monash University, Melbourne, Australia
Working experience and occupation: Mr. Low has more than 25 years of working experience in high volume semiconductor production, automotive component manufacturing, vehicle assembly as well as vehicle retailing.
Senior management positions held by Mr. Low included heading the operations of automotive assembly plants of several global marques in Malaysia, an aluminium diecast foundry supplying to local automotive and motorcycle manufacturers in Malaysia as well as for export markets.
Directorship of public companies (if any): none
Family relationship with any director and/or major shareholder of the listed issuer: none
Any conflict of interests that he/she has with the listed issuer: Mr. Low was an Executive Director of Tan Chong Motor Assemblies Sdn Bhd ("TCMA") up to 30 June 2010 and continues to serve as a director of TCMA which is one of the customers of the subsidiaries of the listed issuer.
Details of any interest in the securities of the listed issuer or its subsidiaries: none
NIKKO - General Announcement
Announcement Type: General Announcement
Company Name: NIKKO ELECTRONICS BHD.
Stock Name: NIKKO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NIKKO ELECTRONICS BHD (IN LIQUIDATION)
("Nikko" or " the Company")
FURTHER ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17/2005 ("PN17/2005") OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: In compliance with paragraph 3.1 of PN17/2005 and our announcement made on 28 June 2010 refers.
As announced on 28 June 2010, the Securities Commission ("SC") had vide its letter dated 24 June 2010 infomed that the application for the Proposed Restructuring Scheme was not approved due to non-compliance with paragraph 4.02 of the SC's Equity Guidelines which stipulates that an applicant must resolve, eliminate or mitigate all conflict of interest situations.
SC has noted that Impian Mawar Sdn Bhd, Impian Gama Sdn Bhd and Sasmax Sdn Bhd have been highly dependent on related party transactions ("RPTs") in the past and are expected to continue to be dependent on RPTs in the future to sustain its business operations through their reliance on contracts from the promoters' private property development companies.
The Board of Directors of Nikko and the Liquidator are currently deliberating on the next course of action on the above matter.
And further to our announcements made on 3 May 2010 and 1 June 2010, the Company has been informed by a substantial shareholder, Nikko Electronic Holdings Sdn Bhd., that it has on 24 May 2010 filed an application in the High Court of Malaysia at Penang for :-
(i) leave to intervene in the Companies Winding Up Petition; and
(ii) that all proceedings in relation to the winding up of the Respondent Company granted by the Court on 28 April 2010 ("The Winding Up Order") be stayed pursuant to Section 243 of the Companies Act 1965 ("the Act") for a period of six (6) months from the date of the Order.
The hearing date of the application which was fixed on 30 June 2010 has been postponed to 6 August 2010.
Further development of the above matter will be announced to Bursa Securities in due course.
This announement is dated 1 July 2010.
Company Name: NIKKO ELECTRONICS BHD.
Stock Name: NIKKO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NIKKO ELECTRONICS BHD (IN LIQUIDATION)
("Nikko" or " the Company")
FURTHER ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17/2005 ("PN17/2005") OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: In compliance with paragraph 3.1 of PN17/2005 and our announcement made on 28 June 2010 refers.
As announced on 28 June 2010, the Securities Commission ("SC") had vide its letter dated 24 June 2010 infomed that the application for the Proposed Restructuring Scheme was not approved due to non-compliance with paragraph 4.02 of the SC's Equity Guidelines which stipulates that an applicant must resolve, eliminate or mitigate all conflict of interest situations.
SC has noted that Impian Mawar Sdn Bhd, Impian Gama Sdn Bhd and Sasmax Sdn Bhd have been highly dependent on related party transactions ("RPTs") in the past and are expected to continue to be dependent on RPTs in the future to sustain its business operations through their reliance on contracts from the promoters' private property development companies.
The Board of Directors of Nikko and the Liquidator are currently deliberating on the next course of action on the above matter.
And further to our announcements made on 3 May 2010 and 1 June 2010, the Company has been informed by a substantial shareholder, Nikko Electronic Holdings Sdn Bhd., that it has on 24 May 2010 filed an application in the High Court of Malaysia at Penang for :-
(i) leave to intervene in the Companies Winding Up Petition; and
(ii) that all proceedings in relation to the winding up of the Respondent Company granted by the Court on 28 April 2010 ("The Winding Up Order") be stayed pursuant to Section 243 of the Companies Act 1965 ("the Act") for a period of six (6) months from the date of the Order.
The hearing date of the application which was fixed on 30 June 2010 has been postponed to 6 August 2010.
Further development of the above matter will be announced to Bursa Securities in due course.
This announement is dated 1 July 2010.
NIKKO - General Announcement
Announcement Type: General Announcement
Company Name: NIKKO ELECTRONICS BHD.
Stock Name: NIKKO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NIKKO ELECTRONICS BHD. (IN LIQUIDATION) ("Nikko" or "the Company")
PENANG HIGH COURT (1) COMPANIES WINDING-UP PETITION NO.28-112-2008
ISHIKAWA SPRING (M) SDN. BHD. VS NIKKO ELECTRONICS BHD.
Contents: Further to the announcement made on 2 June 2010 in respect of the application filed on 24 May 2010 in the High Court of Malaysia at Penang by Nikko Electronic Holdings Sdn Bhd, a substantial shareholder of the Company for :-
(i) leave to intervene in the Companies Winding Up Petition; and
(ii) that all proceedings in relation to the winding up of the Respondent Company granted by the Court on 28 April 2010 ('The Winding Up Order') be stayed pursuant to Section 243 of the Companies Act 1965 ('the Act') for a period of six (6) months from the date of the Order.
The Liquidator wishes to announce that the hearing date of the application which was fixed on 30 June 2010 has been postponed to 6 August 2010.
Any development on this matter will be announced to Bursa Securities accordingly.
This announcement is dated 1 July 2010.
Company Name: NIKKO ELECTRONICS BHD.
Stock Name: NIKKO
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: NIKKO ELECTRONICS BHD. (IN LIQUIDATION) ("Nikko" or "the Company")
PENANG HIGH COURT (1) COMPANIES WINDING-UP PETITION NO.28-112-2008
ISHIKAWA SPRING (M) SDN. BHD. VS NIKKO ELECTRONICS BHD.
Contents: Further to the announcement made on 2 June 2010 in respect of the application filed on 24 May 2010 in the High Court of Malaysia at Penang by Nikko Electronic Holdings Sdn Bhd, a substantial shareholder of the Company for :-
(i) leave to intervene in the Companies Winding Up Petition; and
(ii) that all proceedings in relation to the winding up of the Respondent Company granted by the Court on 28 April 2010 ('The Winding Up Order') be stayed pursuant to Section 243 of the Companies Act 1965 ('the Act') for a period of six (6) months from the date of the Order.
The Liquidator wishes to announce that the hearing date of the application which was fixed on 30 June 2010 has been postponed to 6 August 2010.
Any development on this matter will be announced to Bursa Securities accordingly.
This announcement is dated 1 July 2010.
KMLOONG - KMLOONG-EXERCISE OF 5,000 WARRANTS 2005/2012 ("EXERCISE")
Announcement Type: Listing Circular
Company Name: KIM LOONG RESOURCES BERHAD
Stock Name: KMLOONG
Date Announced: 01/07/2010
Announcement Detail:
Subject: KMLOONG-EXERCISE OF 5,000 WARRANTS 2005/2012 ("EXERCISE")
Contents: Kindly be advised that the abovementioned Company's additional 5,000 new ordinary shares of RM1.00 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Monday, 5 July 2010.
As the said ordinary shares arising from the Exercise are not entitled to the final dividend declared in respect of the financial year ended 31 January 2010, the additional 5,000 new ordinary shares will be quoted as "KMLOONG-OA".
Company Name: KIM LOONG RESOURCES BERHAD
Stock Name: KMLOONG
Date Announced: 01/07/2010
Announcement Detail:
Subject: KMLOONG-EXERCISE OF 5,000 WARRANTS 2005/2012 ("EXERCISE")
Contents: Kindly be advised that the abovementioned Company's additional 5,000 new ordinary shares of RM1.00 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Monday, 5 July 2010.
As the said ordinary shares arising from the Exercise are not entitled to the final dividend declared in respect of the financial year ended 31 January 2010, the additional 5,000 new ordinary shares will be quoted as "KMLOONG-OA".
KMLOONG - KMLOONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: KIM LOONG RESOURCES BERHAD
Stock Name: KMLOONG
Date Announced: 01/07/2010
Announcement Detail:
Subject: KMLOONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 14,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 5 July 2010.
Company Name: KIM LOONG RESOURCES BERHAD
Stock Name: KMLOONG
Date Announced: 01/07/2010
Announcement Detail:
Subject: KMLOONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 14,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 5 July 2010.
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