SIGGAS - Timetable for IPO
Announcement Type: Timetable for IPO
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: SIG GASES BERHAD
Stock Name: SIGGAS
Date Announced: 22/07/2010
Announcement Detail:
Opening of application: 22/07/2010
Closing of application: 29/07/2010
Balloting of applications: 02/08/2010
Allotment of IPO shares to successful applicants: 03/08/2010
Tentative listing date: 09/08/2010
Remarks: All defined terms used in this announcement shall have the same meaning as those defined in the Prospectus issued by SIG Gases Berhad.
The application period will remain until 5.00pm on 29 July 2010 or for such further period or periods as the Directors, Promoters and Offerors of SIG Gases Berhad together with AmInvestment Bank Berhad in their absolute discretion may mutually decide.
In the event that the closing date of the application for the IPO is extended, the dates for the balloting of applications, allotment of the IPO shares and the listing of SIG Gases Berhad's entire issued and paid-up share capital on the Main Market of Bursa Malaysia Securities Berhad will be extended accordingly. Any extension of the abovementioned dates will be announced by way of advertisement in a widely circulated Bahasa Malaysia and English daily newspapers in Malaysia.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: SIG GASES BERHAD
Stock Name: SIGGAS
Date Announced: 22/07/2010
Announcement Detail:
Opening of application: 22/07/2010
Closing of application: 29/07/2010
Balloting of applications: 02/08/2010
Allotment of IPO shares to successful applicants: 03/08/2010
Tentative listing date: 09/08/2010
Remarks: All defined terms used in this announcement shall have the same meaning as those defined in the Prospectus issued by SIG Gases Berhad.
The application period will remain until 5.00pm on 29 July 2010 or for such further period or periods as the Directors, Promoters and Offerors of SIG Gases Berhad together with AmInvestment Bank Berhad in their absolute discretion may mutually decide.
In the event that the closing date of the application for the IPO is extended, the dates for the balloting of applications, allotment of the IPO shares and the listing of SIG Gases Berhad's entire issued and paid-up share capital on the Main Market of Bursa Malaysia Securities Berhad will be extended accordingly. Any extension of the abovementioned dates will be announced by way of advertisement in a widely circulated Bahasa Malaysia and English daily newspapers in Malaysia.
FOCUS - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Director
Directorate: Independent & Non Executive
Name: Chang How Weng
Age: 45
Nationality: Malaysian
Qualifications: Bachelor of Business Administration (Cum Laude) - Major in Banking & Finance from University of Mississipi, USa (May 1989)
Working experience and occupation: Mr Chang How Weng has over 20 years of working experience in the regional investment environment, in the areas of stockbroking, corporate finance, fund management and venture capital investments.
Mr Chang is the co-founder and Executive Director of Newasia Capital Sdn Bhd, an investment consulting firm servicing the business entities in Malaysia and regional markets such as Singapore, Hong Kong and China. He is currently and actively involved in renewable energy power plant business. He began his career as Research Analyst with Rashid Hussain Securities (now renamed RHB Research Institute) ("RRI"). He left RRI after five years of service to join a local investment firm with interests in corporate finance & advisory, venture capital investment with project portfolios spanning across Southeast Asia and China. He was also the Head of Research with several local and overseas stockbroking firms.
Directorship of public companies (if any): Nil
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: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Director
Directorate: Independent & Non Executive
Name: Chang How Weng
Age: 45
Nationality: Malaysian
Qualifications: Bachelor of Business Administration (Cum Laude) - Major in Banking & Finance from University of Mississipi, USa (May 1989)
Working experience and occupation: Mr Chang How Weng has over 20 years of working experience in the regional investment environment, in the areas of stockbroking, corporate finance, fund management and venture capital investments.
Mr Chang is the co-founder and Executive Director of Newasia Capital Sdn Bhd, an investment consulting firm servicing the business entities in Malaysia and regional markets such as Singapore, Hong Kong and China. He is currently and actively involved in renewable energy power plant business. He began his career as Research Analyst with Rashid Hussain Securities (now renamed RHB Research Institute) ("RRI"). He left RRI after five years of service to join a local investment firm with interests in corporate finance & advisory, venture capital investment with project portfolios spanning across Southeast Asia and China. He was also the Head of Research with several local and overseas stockbroking firms.
Directorship of public companies (if any): Nil
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
FOCUS - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Chang How Weng
Age: 45
Nationality: Malaysian
Qualifications: Bachelor of Business Administration (Cum Laude) - Major in Banking & Finance from University of Mississipi, USA (May 1989)
Working experience and occupation: Mr Chang How Weng has over 20 years of working experience in the regional investment environment, in the areas of stockbroking, corporate finance, fund management and venture capital investments.
Mr Chang is the co-founder and Executive Director of Newasia Capital Sdn Bhd, an investment consulting firm servicing the business entities in Malaysia and regional markets such as Singapore, Hong Kong and China. He is currently and actively involved in renewable energy power plant business. He began his career as Research Analyst with Rashid Hussain Securities (now renamed RHB Research Institute) ("RRI"). He left RRI after five years of service to join a local investment firm with interests in corporate finance & advisory, venture capital investment with project portfolios spanning across Southeast Asia and China. He was also the Head of Research with several local and overseas stockbroking firms.
Directorship of public companies (if any): Nil
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
Composition of Audit Committee (Name and Directorate of members after change): Dr Quah Cheng Siew (Independent & Non-Executive Director) - Member
Remarks: The Company is looking for a suitable candidate to replace Mr Chang as Member of the Audit Committee.
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Chang How Weng
Age: 45
Nationality: Malaysian
Qualifications: Bachelor of Business Administration (Cum Laude) - Major in Banking & Finance from University of Mississipi, USA (May 1989)
Working experience and occupation: Mr Chang How Weng has over 20 years of working experience in the regional investment environment, in the areas of stockbroking, corporate finance, fund management and venture capital investments.
Mr Chang is the co-founder and Executive Director of Newasia Capital Sdn Bhd, an investment consulting firm servicing the business entities in Malaysia and regional markets such as Singapore, Hong Kong and China. He is currently and actively involved in renewable energy power plant business. He began his career as Research Analyst with Rashid Hussain Securities (now renamed RHB Research Institute) ("RRI"). He left RRI after five years of service to join a local investment firm with interests in corporate finance & advisory, venture capital investment with project portfolios spanning across Southeast Asia and China. He was also the Head of Research with several local and overseas stockbroking firms.
Directorship of public companies (if any): Nil
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
Composition of Audit Committee (Name and Directorate of members after change): Dr Quah Cheng Siew (Independent & Non-Executive Director) - Member
Remarks: The Company is looking for a suitable candidate to replace Mr Chang as Member of the Audit Committee.
FOCUS - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Lau Yen Bin
Age: 56
Nationality: Malaysian
Qualifications: Member of the Malaysian Institute of Accountants
Working experience and occupation: Mr Lau Yen Bin started his professional career in 1975 as an audit assistant with Coopers & Lybrand (now known as Price WaterhouseCoopers), an international chartered accounting firm in Malaysia. He then joined Orix Leasing Malaysia Bhd in 1977, his last position being the General Manager. In 1988, he joined Sogelease (Malaysia) Bhd (now known as Danpac Leasing (Malaysia) Bhd) and has been its Managing Director snce 1990. In addition, he is a director and Deputy Chief Executive Officer of ALD Automotive Sdn Bhd.
Directorship of public companies (if any): Danpac Leasing (Malasia) Bhd
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
Composition of Audit Committee (Name and Directorate of members after change): Dr Quah Cheng Siew (Independent & Non-Executive Director) - Member
Remarks: Mr Lau was appointed the Acting Chairman of the Audit Committee on 4 November 2009 until a new Audit Committee Chairman is identified and appointed.
The Company is looking for a suitable candidate to be appointed as a Member and Chairman of the Audit Committee.
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Lau Yen Bin
Age: 56
Nationality: Malaysian
Qualifications: Member of the Malaysian Institute of Accountants
Working experience and occupation: Mr Lau Yen Bin started his professional career in 1975 as an audit assistant with Coopers & Lybrand (now known as Price WaterhouseCoopers), an international chartered accounting firm in Malaysia. He then joined Orix Leasing Malaysia Bhd in 1977, his last position being the General Manager. In 1988, he joined Sogelease (Malaysia) Bhd (now known as Danpac Leasing (Malaysia) Bhd) and has been its Managing Director snce 1990. In addition, he is a director and Deputy Chief Executive Officer of ALD Automotive Sdn Bhd.
Directorship of public companies (if any): Danpac Leasing (Malasia) Bhd
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
Composition of Audit Committee (Name and Directorate of members after change): Dr Quah Cheng Siew (Independent & Non-Executive Director) - Member
Remarks: Mr Lau was appointed the Acting Chairman of the Audit Committee on 4 November 2009 until a new Audit Committee Chairman is identified and appointed.
The Company is looking for a suitable candidate to be appointed as a Member and Chairman of the Audit Committee.
FOCUS - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Director
Directorate: Independent & Non Executive
Name: Lau Yen Bin
Age: 56
Nationality: Malaysian
Qualifications: Chartered Accountant
Malaysian Institute of Accountants
Working experience and occupation: Mr Lau Yen Bin started his professional career in 1975 as an audit assistant with Coopers & Lybrand (now known as Price WaterhouseCoopers), an international chartered accounting firm in Malaysia. He then joined Orix Leasing Malaysia Bhd in 1977, his last position being the General Manager. In 1988, he joined Sogelease (Malaysia) Bhd (now known as Danpac Leasing (Malaysia) Bhd) and has been its Managing Director snce 1990. In addition, he is a director and Deputy Chief Executive Officer of ALD Automotive Sdn Bhd.
Directorship of public companies (if any): Danpac Leasing (M) Bhd.
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: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 22/07/2010
Type of change: Resignation
Designation: Director
Directorate: Independent & Non Executive
Name: Lau Yen Bin
Age: 56
Nationality: Malaysian
Qualifications: Chartered Accountant
Malaysian Institute of Accountants
Working experience and occupation: Mr Lau Yen Bin started his professional career in 1975 as an audit assistant with Coopers & Lybrand (now known as Price WaterhouseCoopers), an international chartered accounting firm in Malaysia. He then joined Orix Leasing Malaysia Bhd in 1977, his last position being the General Manager. In 1988, he joined Sogelease (Malaysia) Bhd (now known as Danpac Leasing (Malaysia) Bhd) and has been its Managing Director snce 1990. In addition, he is a director and Deputy Chief Executive Officer of ALD Automotive Sdn Bhd.
Directorship of public companies (if any): Danpac Leasing (M) Bhd.
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
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: 22/07/2010
Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd
Sponsor: OSK Investment Bank Bhd
Type: Announcement
Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" OR THE "COMPANY")
PROPOSED ACQUISITION OF 3,570,000 ORDINARY SHARES OF RM1.00 EACH IN PC3 TECHNOLOGY SDN BHD ("PC3") REPRESENTING 51% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PC3 FOR A TOTAL PURCHASE CONSIDERATION OF RM5,783,400 TO BE SATISFIED BY WAY OF RM1,735,000 IN CASH AND THE ISSUANCE OF 27,920,000 NEW ORDINARY SHARES OF RM0.10 EACH IN TEJARI AT AN ISSUE PRICE OF RM0.145 PER SHARE ("PROPOSED ACQUISITION OF PC3")
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 13 May 2010.
On behalf of the Board, OSK is pleased to announce that 27,920,000 new ordinary shares of RM0.10 each in Tejari issued pursuant to the Proposed Acquisition of PC3 have been listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 22 July 2010 and the Proposed Acquisition of PC3 is deemed completed on even date.
This announcement is dated 22 July 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 22/07/2010
Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd
Sponsor: OSK Investment Bank Bhd
Type: Announcement
Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" OR THE "COMPANY")
PROPOSED ACQUISITION OF 3,570,000 ORDINARY SHARES OF RM1.00 EACH IN PC3 TECHNOLOGY SDN BHD ("PC3") REPRESENTING 51% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF PC3 FOR A TOTAL PURCHASE CONSIDERATION OF RM5,783,400 TO BE SATISFIED BY WAY OF RM1,735,000 IN CASH AND THE ISSUANCE OF 27,920,000 NEW ORDINARY SHARES OF RM0.10 EACH IN TEJARI AT AN ISSUE PRICE OF RM0.145 PER SHARE ("PROPOSED ACQUISITION OF PC3")
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 13 May 2010.
On behalf of the Board, OSK is pleased to announce that 27,920,000 new ordinary shares of RM0.10 each in Tejari issued pursuant to the Proposed Acquisition of PC3 have been listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on 22 July 2010 and the Proposed Acquisition of PC3 is deemed completed on even date.
This announcement is dated 22 July 2010.
BJTOTO - General Announcement
Announcement Type: General Announcement
Company Name: BERJAYA SPORTS TOTO BERHAD
Stock Name: BJTOTO
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in securities of Berjaya Sports Toto Berhad ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the shares of the Company by Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), the Managing Director/Chief Executive Officer of Sports Toto Malaysia Sdn Bhd, a major subsidiary of the Company as set out in the table below.
Company Name: BERJAYA SPORTS TOTO BERHAD
Stock Name: BJTOTO
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in securities of Berjaya Sports Toto Berhad ("the Company") outside closed period pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
Contents: Pursuant to Paragraph 14.09(a) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the dealing in the shares of the Company by Tan Sri Dato' Seri Vincent Tan Chee Yioun ("TSVT"), the Managing Director/Chief Executive Officer of Sports Toto Malaysia Sdn Bhd, a major subsidiary of the Company as set out in the table below.
TDM - MONTHLY PRODUCTION STATEMENT - JUNE 2010
Announcement Type: General Announcement
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY PRODUCTION STATEMENT - JUNE 2010
Contents: Plantation production figures of TDM Group for the month of June 2010.
Company Name: TDM BERHAD
Stock Name: TDM
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY PRODUCTION STATEMENT - JUNE 2010
Contents: Plantation production figures of TDM Group for the month of June 2010.
ZELAN - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: ZELAN BERHAD
Stock Name: ZELAN
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 30/07/2010
Type of change: Resignation
Designation: Managing Director
Directorate: Executive
Name: RAJA AZMI BIN RAJA NAZUDDIN
Age: 43
Nationality: MALAYSIAN
Qualifications: (i)Master of Business Administration from the University of Bath, United Kingdom.
(ii)Member of the Malaysian Institute of Certified Public Accountants (MICPA).
(iii)Member of Malaysian Institute of Accountants.
Working experience and occupation: Raja Azmi started his career in 1987 with Coopers & Lybrand Malaysia before moving to Malaysian Tobacco Company Berhad in 1994. He joined Perodua Manufacturing Sdn. Bhd. as Accounts Manager in January 1999. He served as Commercial Manager in Haworth Malaysia Sdn. Bhd. in May 2000 and Senior Finance Manager in Tronoh Mines Malaysia Berhad in September 2001. In January 2003, he joined Sapura Telecommunications Berhad as Group Financial Controller and in May 2004, he was appointed as the Chief Financial Officer of Tronoh Consolidated Malaysia Berhad. He was formerly the Senior Director of Corporate Development Division of UEM Group Berhad and Executive Director of Time Engineering Berhad prior to joining the Company as Managing Director/Chief Executive Officer on 5 June 2009.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Raja Azmi has no family relationship with and is not related to any Director and/or major shareholders of Zelan Berhad and has no any conflict of interest with Zelan Berhad.
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: ZELAN BERHAD
Stock Name: ZELAN
Date Announced: 22/07/2010
Announcement Detail:
Date of change: 30/07/2010
Type of change: Resignation
Designation: Managing Director
Directorate: Executive
Name: RAJA AZMI BIN RAJA NAZUDDIN
Age: 43
Nationality: MALAYSIAN
Qualifications: (i)Master of Business Administration from the University of Bath, United Kingdom.
(ii)Member of the Malaysian Institute of Certified Public Accountants (MICPA).
(iii)Member of Malaysian Institute of Accountants.
Working experience and occupation: Raja Azmi started his career in 1987 with Coopers & Lybrand Malaysia before moving to Malaysian Tobacco Company Berhad in 1994. He joined Perodua Manufacturing Sdn. Bhd. as Accounts Manager in January 1999. He served as Commercial Manager in Haworth Malaysia Sdn. Bhd. in May 2000 and Senior Finance Manager in Tronoh Mines Malaysia Berhad in September 2001. In January 2003, he joined Sapura Telecommunications Berhad as Group Financial Controller and in May 2004, he was appointed as the Chief Financial Officer of Tronoh Consolidated Malaysia Berhad. He was formerly the Senior Director of Corporate Development Division of UEM Group Berhad and Executive Director of Time Engineering Berhad prior to joining the Company as Managing Director/Chief Executive Officer on 5 June 2009.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: Raja Azmi has no family relationship with and is not related to any Director and/or major shareholders of Zelan Berhad and has no any conflict of interest with Zelan Berhad.
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
BSTEAD - BOUSTEAD HOLDINGS BERHAD ZAITUN MARKETING SDN BHD ("ZAITUN") -V- BOUSTEAD ELDRED SDN BHD ("BESB")
Announcement Type: General Announcement
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: BOUSTEAD HOLDINGS BERHAD
ZAITUN MARKETING SDN BHD ("ZAITUN") -V- BOUSTEAD ELDRED SDN BHD ("BESB")
Contents: We refer to our earlier announcements in relation to the above.
We wish to inform that the High Court had, on 21 July 2010, allowed BESB's application to enter Judgment against Zaitun, taking into account the report prepared by KPMG Corporate Services Sdn Bhd (who were appointed as independent auditor in this matter by the High Court order on 26 July 2006).
Zaitun's claim against BESB was therefore dismissed by the High Court, and BESB's counter-claim to the extent of RM8,827,597.74 against Zaitun was allowed with interest at the rate of 8% per annum from 1 April 1999 until full settlement, and with costs to be taxed.
This announcement is dated 22 July 2010
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 22/07/2010
Announcement Detail:
Type: Announcement
Subject: BOUSTEAD HOLDINGS BERHAD
ZAITUN MARKETING SDN BHD ("ZAITUN") -V- BOUSTEAD ELDRED SDN BHD ("BESB")
Contents: We refer to our earlier announcements in relation to the above.
We wish to inform that the High Court had, on 21 July 2010, allowed BESB's application to enter Judgment against Zaitun, taking into account the report prepared by KPMG Corporate Services Sdn Bhd (who were appointed as independent auditor in this matter by the High Court order on 26 July 2006).
Zaitun's claim against BESB was therefore dismissed by the High Court, and BESB's counter-claim to the extent of RM8,827,597.74 against Zaitun was allowed with interest at the rate of 8% per annum from 1 April 1999 until full settlement, and with costs to be taxed.
This announcement is dated 22 July 2010
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