PALETTE - General Announcement
Announcement Type: General Announcement
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: Kuala Lumpur High Court Suit No: D3 (D4)-22-293-2004
Palette Multimedia Bhd -vs-
Asustek Computer Inc & Bumiputra-Commerce Bank Berhad
Contents: Reference is made to the announcements dated 4 June 2010 and 8 June 2010.
The Board of Directors of Palette Multimedia Berhad ("Palette" or "the Company") wish to announce that the Company had on 1 July 2010 been notified by its legal representative that a Notice of Appeal, against the decision of the Kuala Lumpur High Court dated 4 June 2010, has been filed into Court on 29 June 2010.
Company Name: PALETTE MULTIMEDIA BERHAD (ACE Market)
Stock Name: PALETTE
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: Kuala Lumpur High Court Suit No: D3 (D4)-22-293-2004
Palette Multimedia Bhd -vs-
Asustek Computer Inc & Bumiputra-Commerce Bank Berhad
Contents: Reference is made to the announcements dated 4 June 2010 and 8 June 2010.
The Board of Directors of Palette Multimedia Berhad ("Palette" or "the Company") wish to announce that the Company had on 1 July 2010 been notified by its legal representative that a Notice of Appeal, against the decision of the Kuala Lumpur High Court dated 4 June 2010, has been filed into Court on 29 June 2010.
OSKVI - General Announcement
Announcement Type: General Announcement
Company Name: OSK VENTURES INTERNATIONAL BERHAD (ACE Market)
Stock Name: OSKVI
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: OSK VENTURES INTERNATIONAL BERHAD ("OSK VENTURES INTERNATIONAL" OR "THE COMPANY")
- EXTRAORDINARY GENERAL MEETING ("EGM")
Contents: The Board of Directors of OSK Ventures International wishes to inform that all resolutions as per the Notice dated 9 June 2010 were duly passed at the Company's EGM held at the Auditorium, 11th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur on Thursday, 1 July 2010.
This announcement is dated 1 July 2010.
Company Name: OSK VENTURES INTERNATIONAL BERHAD (ACE Market)
Stock Name: OSKVI
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: OSK VENTURES INTERNATIONAL BERHAD ("OSK VENTURES INTERNATIONAL" OR "THE COMPANY")
- EXTRAORDINARY GENERAL MEETING ("EGM")
Contents: The Board of Directors of OSK Ventures International wishes to inform that all resolutions as per the Notice dated 9 June 2010 were duly passed at the Company's EGM held at the Auditorium, 11th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur on Thursday, 1 July 2010.
This announcement is dated 1 July 2010.
DISTECH - General Announcement
Announcement Type: General Announcement
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARIZE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcements made by the Company on 7 April 2010, 3 May 2010, 1 June 2010 and in compliance with paragraph(b) of GN3 of the AMLR, the Board of Directors of DIST its obligations under paragraph 4.1(a)(iv) of GN3 wish to announce that:-
Ongoing efforts are being made by the Company for appointment of a sponsor for the Company.
Pursuant to Rule 8.04 (3)(a)(ii) of AMLR and Paragraph 4.1(b) of GN3, the last day for appointment of a sponsor is due on 6 July 2010.
Pursuant to Paragraph 4.1(b) of GN3, the last day for submission of a regularization plan by the Company to Bursa is due on 6 April 2011.
This announcement is dated 1 July 2010.
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARIZE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcements made by the Company on 7 April 2010, 3 May 2010, 1 June 2010 and in compliance with paragraph(b) of GN3 of the AMLR, the Board of Directors of DIST its obligations under paragraph 4.1(a)(iv) of GN3 wish to announce that:-
Ongoing efforts are being made by the Company for appointment of a sponsor for the Company.
Pursuant to Rule 8.04 (3)(a)(ii) of AMLR and Paragraph 4.1(b) of GN3, the last day for appointment of a sponsor is due on 6 July 2010.
Pursuant to Paragraph 4.1(b) of GN3, the last day for submission of a regularization plan by the Company to Bursa is due on 6 April 2011.
This announcement is dated 1 July 2010.
DISTECH - General Announcement
Announcement Type: General Announcement
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF ITS DEFAULT PAYMENT PURSUANT TO GUIDANCE NOTE 5 ("GN5") OF ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHA
Contents: Reference is made to the announcements dated 6 April 2010, 3 May 2010 and 1 June 2010 pursuant to its default status as per Guidance Note 5 ("GN5") of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.
Pursuant to Paragraph 3.2(a) of GN5, the Board of Directors of DIST wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 30 June 2010, as set out in Table 1 of the Appendix of this Announcement.
Save as disclosed above, there were no other material developments on the status of default since the announcements made on 6 April 2010, 3 May 2010 and 1 June 2010.
This announcement is dated 1 July 2010
Attachments: overdue banking facilities 010710.xls
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF ITS DEFAULT PAYMENT PURSUANT TO GUIDANCE NOTE 5 ("GN5") OF ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHA
Contents: Reference is made to the announcements dated 6 April 2010, 3 May 2010 and 1 June 2010 pursuant to its default status as per Guidance Note 5 ("GN5") of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.
Pursuant to Paragraph 3.2(a) of GN5, the Board of Directors of DIST wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 30 June 2010, as set out in Table 1 of the Appendix of this Announcement.
Save as disclosed above, there were no other material developments on the status of default since the announcements made on 6 April 2010, 3 May 2010 and 1 June 2010.
This announcement is dated 1 July 2010
Attachments: overdue banking facilities 010710.xls
FONICS - General Announcement
Announcement Type: General Announcement
Company Name: FOTRONICS CORPORATION BERHAD (ACE Market)
Stock Name: FONICS
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: FOTRONICS CORPORATION BERHAD ("FOTRONICS" or "the Company")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUILDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET
Contents: Reference is made to the First Announcements made by the Company on 9 March 2010, 10 March 2010 and the monthly announcements made in compliance with Rule 4.1(b) of Guidance Note ("GN") 3 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for the ACE Market ("ACE LR"), the Board of Directors of FOTRONICS wishes to inform that the Company is still in the midst of engaging various parties in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
Premised on the First Announcements and the monthly announcements, the last day for submission of the Regularisation Plan by the Company to Bursa Securities and obtain Bursa Securities' approval to implement the said Regularisation Plan would be by 8 March 2011, which is approximately nine (9) months from the date of this announcement.
Reference is also made to the announcement made by the Company on 9 June 2010 in relation to the above matter whereby Bursa Securities has granted the Company an extension of time up to 8 July 2010 to appoint a Sponsor. In view that a potential Sponsor will only accept sponsorship engagement upon the establishment of a concrete Regularisation Plan by the Company, the Company wishes to inform that it has applied to Bursa Securities for a further extension of time of two (2) months up to 8 September 2010 to appoint a Sponsor ("further Application") whilst the Company is formulating a Regularisation Plan. Bursa Securities is in the midst of evaluating the further Application.
This announcement is dated 1 July 2010.
Company Name: FOTRONICS CORPORATION BERHAD (ACE Market)
Stock Name: FONICS
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: FOTRONICS CORPORATION BERHAD ("FOTRONICS" or "the Company")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF THE COMPANY'S PLAN TO COMPLY WITH THE OBLIGATION TO REGULARISE ITS CONDITION PURSUANT TO GUILDANCE NOTE 3 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD FOR THE ACE MARKET
Contents: Reference is made to the First Announcements made by the Company on 9 March 2010, 10 March 2010 and the monthly announcements made in compliance with Rule 4.1(b) of Guidance Note ("GN") 3 of the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") for the ACE Market ("ACE LR"), the Board of Directors of FOTRONICS wishes to inform that the Company is still in the midst of engaging various parties in its endeavour to formulate a plan to regularise the Company's financial condition ("Regularisation Plan").
Premised on the First Announcements and the monthly announcements, the last day for submission of the Regularisation Plan by the Company to Bursa Securities and obtain Bursa Securities' approval to implement the said Regularisation Plan would be by 8 March 2011, which is approximately nine (9) months from the date of this announcement.
Reference is also made to the announcement made by the Company on 9 June 2010 in relation to the above matter whereby Bursa Securities has granted the Company an extension of time up to 8 July 2010 to appoint a Sponsor. In view that a potential Sponsor will only accept sponsorship engagement upon the establishment of a concrete Regularisation Plan by the Company, the Company wishes to inform that it has applied to Bursa Securities for a further extension of time of two (2) months up to 8 September 2010 to appoint a Sponsor ("further Application") whilst the Company is formulating a Regularisation Plan. Bursa Securities is in the midst of evaluating the further Application.
This announcement is dated 1 July 2010.
EQUATOR - General Announcement
Announcement Type: General Announcement
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("Equator" or "the Company")
- Monthly Announcement Pursuant to Guidance Note 5/2006 ("GN5") - Default in Payments
Contents: Further to the announcement made on 21 August 2009, 26 August 2009, 1 September 2009, 1 October 2009, 8 October 2009, 2 November 2009, 1 December 2009, 9 December 2009, 21 December 2009, 4 January 2010, 25 January 2010, 2 February 2010, 1 March 2010, 31 March 2010, 29 April 2010, 3 May 2010, 20 May 2010 and 24 June 2010 pursuant to GN5 of the Listing Requirements of Bursa Malaysia under ACE market, the Board of Directors of Equator is pleased to inform that EBSB has on 8 June 2010 settled the bank borrowings of RM2,103,156.25 with Malayan Banking Bhd through the proceeds received from the Proposed Disposal. The details of announcement of the Proposed Disposal was announced on 28 December 2009.
In addition, the Board of Directors of Equator wishes to inform that restructuring and / or settlement of its debts with the creditors (such as RHB Banking Bhd, CIMB Bank Bhd, Orix Credit Malaysia Sdn Bhd and other creditors) have been on-going.
The Directors will review and monitor the above from time to time and shall announce the development in due course.
This announcement is dated 01 July 2010.
Company Name: EQUATOR LIFE SCIENCE BERHAD (ACE Market)
Stock Name: EQUATOR
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: EQUATOR LIFE SCIENCE BERHAD ("Equator" or "the Company")
- Monthly Announcement Pursuant to Guidance Note 5/2006 ("GN5") - Default in Payments
Contents: Further to the announcement made on 21 August 2009, 26 August 2009, 1 September 2009, 1 October 2009, 8 October 2009, 2 November 2009, 1 December 2009, 9 December 2009, 21 December 2009, 4 January 2010, 25 January 2010, 2 February 2010, 1 March 2010, 31 March 2010, 29 April 2010, 3 May 2010, 20 May 2010 and 24 June 2010 pursuant to GN5 of the Listing Requirements of Bursa Malaysia under ACE market, the Board of Directors of Equator is pleased to inform that EBSB has on 8 June 2010 settled the bank borrowings of RM2,103,156.25 with Malayan Banking Bhd through the proceeds received from the Proposed Disposal. The details of announcement of the Proposed Disposal was announced on 28 December 2009.
In addition, the Board of Directors of Equator wishes to inform that restructuring and / or settlement of its debts with the creditors (such as RHB Banking Bhd, CIMB Bank Bhd, Orix Credit Malaysia Sdn Bhd and other creditors) have been on-going.
The Directors will review and monitor the above from time to time and shall announce the development in due course.
This announcement is dated 01 July 2010.
CONNECT - General Announcement
Announcement Type: General Announcement
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: CONNECTCOUNTY HOLDINGS BERHAD ("CCHB" or the "Company") - Monthly announcement on the plan to regularise its condition pursuant to Guidance Note 3 of the Listing Requirements of Bursa Malaysia Securities Berhad for the ACE Market ("GN3") ("Monthly Announcement")
Contents: (For consistency purposes, the abbreviations used throughout this announcement shall have the same meaning as previously defined in the announcements made by the Company on 26 February 2009 ("First Announcement"), 2 March 2009, 1 April 2009, 4 May 2009, 1 June 2009, 1 July 2009, 3 August 2009, 1 September 2009, 1 October 2009, 2 November 2009, 7 December 2009, 4 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 30 April 2010 and 1 June 2010 respectively (collectively referred to as "Announcements")).
The Board of Directors of CCHB wishes to inform that the due diligence working group ("DDWG") is in the midst of finalising the submission documents. In addition, we also draw your attention to the announcement made on 4 June 2010, of which the Company has applied to Bursa Securities for an extension of the submission of the Regularisation Plan to the relevant authorities by 23 July 2010. This deadline is approximately twenty-two (22) days from the date of this announcement.
The Company will make further announcements in respect of the Regularisation Plan in due course.
This announcement is dated 1 July 2010.
Company Name: CONNECTCOUNTY HOLDINGS BERHAD (ACE Market)
Stock Name: CONNECT
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: CONNECTCOUNTY HOLDINGS BERHAD ("CCHB" or the "Company") - Monthly announcement on the plan to regularise its condition pursuant to Guidance Note 3 of the Listing Requirements of Bursa Malaysia Securities Berhad for the ACE Market ("GN3") ("Monthly Announcement")
Contents: (For consistency purposes, the abbreviations used throughout this announcement shall have the same meaning as previously defined in the announcements made by the Company on 26 February 2009 ("First Announcement"), 2 March 2009, 1 April 2009, 4 May 2009, 1 June 2009, 1 July 2009, 3 August 2009, 1 September 2009, 1 October 2009, 2 November 2009, 7 December 2009, 4 January 2010, 2 February 2010, 1 March 2010, 1 April 2010, 30 April 2010 and 1 June 2010 respectively (collectively referred to as "Announcements")).
The Board of Directors of CCHB wishes to inform that the due diligence working group ("DDWG") is in the midst of finalising the submission documents. In addition, we also draw your attention to the announcement made on 4 June 2010, of which the Company has applied to Bursa Securities for an extension of the submission of the Regularisation Plan to the relevant authorities by 23 July 2010. This deadline is approximately twenty-two (22) days from the date of this announcement.
The Company will make further announcements in respect of the Regularisation Plan in due course.
This announcement is dated 1 July 2010.
TEJARI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" OR THE "COMPANY")
PROPOSED ACQUISITION OF 255,000 ORDINARY SHARES OF RM1.00 EACH IN ESSENTIAL ACTION SDN BHD ("ESSENTIAL") REPRESENTING 51% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ESSENTIAL FOR A TOTAL CASH CONSIDERATION OF RM3,519,000 ("PROPOSED ACQUISTION OF ESSENTIAL")
Contents: We refer to the previous announcement made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of Tejari ("Board") on 26 April 2010.
On behalf of the Board, OSK is pleased to announce that the Proposed Acquisition of Essential pursuant to the sale and purchase agreement dated 26 April 2010 entered into between Tejari, Chin Boon Long and Sin Chin Chai ("SPA") has been completed in accordance with the terms and conditions of the SPA.
This announcement is dated 1 July 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 01/07/2010
Announcement Detail:
Regularisation Sponsor: OSK Investment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" OR THE "COMPANY")
PROPOSED ACQUISITION OF 255,000 ORDINARY SHARES OF RM1.00 EACH IN ESSENTIAL ACTION SDN BHD ("ESSENTIAL") REPRESENTING 51% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF ESSENTIAL FOR A TOTAL CASH CONSIDERATION OF RM3,519,000 ("PROPOSED ACQUISTION OF ESSENTIAL")
Contents: We refer to the previous announcement made by OSK Investment Bank Berhad ("OSK"), on behalf of the Board of Directors of Tejari ("Board") on 26 April 2010.
On behalf of the Board, OSK is pleased to announce that the Proposed Acquisition of Essential pursuant to the sale and purchase agreement dated 26 April 2010 entered into between Tejari, Chin Boon Long and Sin Chin Chai ("SPA") has been completed in accordance with the terms and conditions of the SPA.
This announcement is dated 1 July 2010.
CIMB - General Announcement
Announcement Type: General Announcement
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: CIMB GROUP HOLDINGS BERHAD (FORMERLY KNOWN AS BUMIPUTRA-COMMERCE HOLDINGS BERHAD) ("CIMB" OR "COMPANY")
PROPOSED ACQUISITION BY CIMB-PRINCIPAL ASSET MANAGEMENT BERHAD ("CIMB-PRINCIPAL"), BEING A 60% SUBSIDIARY OF CIMB GROUP SDN BHD ("CIMBG") OF EQUITY INTEREST IN BT ASSET MANAGEMENT COMPANY LIMITED ("BTAM"), FROM CIMB THAI BANK PUBLIC COMPANY LIMITED ("CIMB THAI") ("BTAM TRANSACTION")
Contents: We are pleased to announce that the BTAM Transaction was completed on 30 June 2010.
The BTAM Transaction entailed CIMB Thai, a 93.15%-owned subsidiary of CIMB Bank Berhad ("CIMB Bank"), which in turn is a 99.99%-owned subsidiary of CIMBG (a wholly-owned subsidiary of CIMB) entering into a Share Sale Agreement on 28 April 2010 with CIMB-Principal, a 60%-owned subsidiary of CIMBG, to dispose to the latter 24,000,000 ordinary shares of THB 10 each representing the entire equity interest in BTAM, for a cash consideration of THB 250,000,000 (equivalent to approximately MYR 25,181,000 based on the exchange rate of MYR 10.0724 : THB 100 as at 30 June 2010). The consideration was arrived at based on willing buyer-willing seller basis.
The Group's corporate structure before and after the BTAM Transaction is set out in Appendix I.
The BTAM Transaction will consolidate CIMB group's regional asset management businesses under CIMB-Principal.
The BTAM Transaction will not have any effect on the share capital of CIMB and substantial shareholders' shareholding in the Company, and will not have any material effect on the consolidated earnings and net assets per share of CIMB for the financial year ending 31 December 2010.
None of the Directors and/or major shareholders of the Company or any persons connected to them have any interest, direct or indirect, in the BTAM Transaction.
This announcement is dated 1 July 2010.
c.c. Securities Commission
Attachments: BTAM - appendix.pdf
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 01/07/2010
Announcement Detail:
Type: Announcement
Subject: CIMB GROUP HOLDINGS BERHAD (FORMERLY KNOWN AS BUMIPUTRA-COMMERCE HOLDINGS BERHAD) ("CIMB" OR "COMPANY")
PROPOSED ACQUISITION BY CIMB-PRINCIPAL ASSET MANAGEMENT BERHAD ("CIMB-PRINCIPAL"), BEING A 60% SUBSIDIARY OF CIMB GROUP SDN BHD ("CIMBG") OF EQUITY INTEREST IN BT ASSET MANAGEMENT COMPANY LIMITED ("BTAM"), FROM CIMB THAI BANK PUBLIC COMPANY LIMITED ("CIMB THAI") ("BTAM TRANSACTION")
Contents: We are pleased to announce that the BTAM Transaction was completed on 30 June 2010.
The BTAM Transaction entailed CIMB Thai, a 93.15%-owned subsidiary of CIMB Bank Berhad ("CIMB Bank"), which in turn is a 99.99%-owned subsidiary of CIMBG (a wholly-owned subsidiary of CIMB) entering into a Share Sale Agreement on 28 April 2010 with CIMB-Principal, a 60%-owned subsidiary of CIMBG, to dispose to the latter 24,000,000 ordinary shares of THB 10 each representing the entire equity interest in BTAM, for a cash consideration of THB 250,000,000 (equivalent to approximately MYR 25,181,000 based on the exchange rate of MYR 10.0724 : THB 100 as at 30 June 2010). The consideration was arrived at based on willing buyer-willing seller basis.
The Group's corporate structure before and after the BTAM Transaction is set out in Appendix I.
The BTAM Transaction will consolidate CIMB group's regional asset management businesses under CIMB-Principal.
The BTAM Transaction will not have any effect on the share capital of CIMB and substantial shareholders' shareholding in the Company, and will not have any material effect on the consolidated earnings and net assets per share of CIMB for the financial year ending 31 December 2010.
None of the Directors and/or major shareholders of the Company or any persons connected to them have any interest, direct or indirect, in the BTAM Transaction.
This announcement is dated 1 July 2010.
c.c. Securities Commission
Attachments: BTAM - appendix.pdf
EQUINE - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: EQUINE CAPITAL BERHAD
Stock Name: EQUINE
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: Wee Beng Aun
Age: 51
Nationality: Malaysian
Qualifications: Bachelor of Civil Engineering from the University of Melbourne, Australia.
Working experience and occupation: He has more than 25 years of working experience in civil engineering, building construction and property development. He held various senior management positions in companies in Malaysia and prior to joining the Group, he was the Managing Director of a subsidiary of a public listed company in Malaysia. During his tenure with these companies, he had been involved in the development and construction of several prestigious projects such as The Pavilion Kuala Lumpur's Mega Integrated Urban Commercial, Shopping, Entertainment Centre with Luxury Residential Towers, The Pearl @ KL City Centre high-end condominium, and Mixed Development of Bukit Rimau Township in Shah Alam, Selangor Darul Ehsan.
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: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Company Name: EQUINE CAPITAL BERHAD
Stock Name: EQUINE
Date Announced: 01/07/2010
Announcement Detail:
Date of change: 01/07/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: Wee Beng Aun
Age: 51
Nationality: Malaysian
Qualifications: Bachelor of Civil Engineering from the University of Melbourne, Australia.
Working experience and occupation: He has more than 25 years of working experience in civil engineering, building construction and property development. He held various senior management positions in companies in Malaysia and prior to joining the Group, he was the Managing Director of a subsidiary of a public listed company in Malaysia. During his tenure with these companies, he had been involved in the development and construction of several prestigious projects such as The Pavilion Kuala Lumpur's Mega Integrated Urban Commercial, Shopping, Entertainment Centre with Luxury Residential Towers, The Pearl @ KL City Centre high-end condominium, and Mixed Development of Bukit Rimau Township in Shah Alam, Selangor Darul Ehsan.
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: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
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