July 19, 2010

Company announcements: SUPPORT, LCL, SUCCESS, BSLCORP, PA, SUNCRN, SCOMIEN, GFB

SUPPORT - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD
Stock Name: SUPPORT
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD ("SIHB" OR "COMPANY")
I. PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN SIHB ("SIHB SHARES") OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY ("PROPOSED PRIVATE PLACEMENT")
II. PROPOSED ISSUANCE OF 35,000,000 WARRANTS ("WARRANTS") IN SIHB ("PROPOSED WARRANTS ISSUE")
(COLLECTIVELY REFERRED TO AS "PROPOSALS")

Contents: We refer to our announcement dated 30 June 2010. HwangDBS Investment Bank Berhad ("HwangDBS"), on behalf of the Board of Directors of SIHB, is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has approved the listing of and quotation for the new SIHB Shares to be issued pursuant to the Proposed Private Placement and exercise of Warrants pursuant to the Proposed Warrants Issue, subject to the following conditions:

(a) Supportive and its adviser must fully comply with the relevant provisions under the Main Market Listing Requirements ("LR") pertaining to the implementation of the Proposals;

(b) Supportive and its adviser to inform Bursa Securities upon the completion of the Proposals;

(c) Supportive to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposals are completed; and

(d) HwangDBS must submit to Bursa Securities the placees' details in accordance with Paragraph 6.15 of the LR as soon as practicable after the placement and before the listing of the new SIHB Shares to be issued pursuant to the Proposed Private Placement.

This announcement is dated 19 July 2010.


LCL - General Announcement

Announcement Type: General Announcement
Company Name: LCL CORPORATION BERHAD
Stock Name: LCL
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: LCL CORPORATION BERHAD ("LCL" or "the Company")
Shah Alam High Court Summons Writ No. 22-820-2010
Bank Muamalat Malaysia Berhad vs 1. LCL Furniture Sdn Bhd ("LCLF") 2. LCL Corporation Berhad ("LCL")

Contents: We refer LCL's announcement dated 7 April 2010 in respect of the Default in Payment to Bank Muamalat Malaysia Berhad under Practice Note No. 1/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. We wish to inform that LCLF (1st Defendant) and LCL (2nd Defendant) have been served a Writ of Summons in respect thereof. Further information is as follows:

1. The date of the presentation of the Writ of Summons and the date the Writ of Summons was served on the Company, its subsidiary or major associated company.

The Writ of Summons and Statement of Claim dated 10 June 2010 was served on LCLF and LCL on 15 July 2010.

2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.

The Plaintiff's claims are for the following:

The sum of RM9,023,192.68 as at 18th March 2010 in respect of default in payments for the following credit facilities :-

(i) Al-Bai Bithaman Ajil Facility of RM5,600,000/-;
(ii) Documentary Credit Murabahah / Al-Murabahah Working Capital Financing/ Al-Kafalah Bank Guarantee Facility of RM6,500,000/-; and
(iii) Muamalat Cash Financing Facility of RM2,000,000/-

Note : No interest rate was stated in the Writ of Summons.

3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.

The filing of the Writ of Summons is a result of the default in payment of the credit facilities granted to LCLF as mentioned in Note 2.

4. The financial and operational impact of the Writ of Summons on the Group.

(a) In the event LCL loses the case, the expected financial losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on LCL Group as receivers and managers have been appointed over the property and undertaking of LCLF with effect from 16 December 2009.

5. The expected losses, if any, arising from the Writ of Summons.

The sum mentioned in Note 2 above alleged to be due together with costs thereon.

6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.

LCL will seek necessary legal advice from its solicitors with regards to the claim. LCLF is currently under receivership.

The Company will announce further developments on the above matter as and when necessary.

This announcement is dated 16 July 2010.

[Note : Amendments were made to Note 4(a) & 5 above]


LCL - General Announcement

Announcement Type: General Announcement
Company Name: LCL CORPORATION BERHAD
Stock Name: LCL
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: LCL CORPORATION BERHAD ("LCL" or "the Company")
- Kuala Lumpur High Court Company Winding-Up Petition No. D-28NCC-416-2010
Kohoh Stainless Steel Works Sdn Bhd ("Petitioner")
LCL Furniture Sdn Bhd ("Respondent")

Contents: We refer to LCL's announcement dated 7 May 2010 whereby LCL's wholly-owned subsidiary, LCL Furniture Sdn Bhd was served a Notice under Section 218 of the Companies Act, 1965 demanding the outstanding payment of RM970,148.71 by Messrs Lee Kuan Mang & Co on behalf of Kohoh Stainless Steel Works Sdn Bhd. A copy of the Petition dated 1 June 2010 was served on the Company on 19 July 2010 and the hearing date is set on 12 August 2010. Further details of the winding-up petition is as follows:

1. The interest rate on the amount claimed for in the petition.

None

2. Details of the default or circumstances leading to the filing of the winding-up petition against LCL Furniture Sdn Bhd.

LCL Furniture Sdn Bhd was unable to repay its debt, thus leading to the said creditor pursuing their recovery through legal action.

3. Whether LCL Furniture Sdn Bhd is a major subsidiary.

LCL Furniture Sdn Bhd is a major subsidiary.

4. The total cost of investment of LCL Furniture Sdn Bhd.

Total cost of investment is RM41,535,193.00.

5. The financial and operational impact of the winding-up proceedings on the LCL Corporation Bhd Group.

Save for the cost of investment in LCL Furniture Sdn Bhd, the winding-up proceedings will not have a material impact on the Group as LCL Furniture Sdn Bhd is currently under receivership since 16 December 2009.

6. The expected losses, if any, arising from winding-up proceedings.

Arising from the winding-up proceedings, LCL Furniture Sdn Bhd is expected to incur losses up to RM41,535,193.00 being the cost of investment in LCL Furniture Sdn Bhd by the holding company, LCL Corporation Berhad.

7. The steps taken and proposed to be taken by LCL Corporation Berhad/LCL Furniture Sdn Bhd in respect of winding-up proceedings.

LCL Corporation Bhd is not in the position to defend the suit as LCLF is currently under receivership.

This announcement is dated 19 July 2010.


LCL - General Announcement

Announcement Type: General Announcement
Company Name: LCL CORPORATION BERHAD
Stock Name: LCL
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: LCL CORPORATION BERHAD ("LCL" or "the Company")
Shah Alam High Court Summons Writ No. 22-819-2010
Bank Muamalat Malaysia Berhad vs 1. LCL Trading Sdn Bhd ("LCLT") 2. LCL Corporation Berhad ("LCL")

Contents: We refer LCL's announcement dated 7 April 2010 in respect of the Default in Payment to Bank Muamalat Malaysia Berhad under Practice Note No. 1/2001 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. We wish to inform that LCLT (1st Defendant) and LCL (2nd Defendant) have been served a Writ of Summons in respect thereof. Further information is as follows:

1. The date of the presentation of the Writ of Summons and the date the Writ of Summons was served on the Company, its subsidiary or major associated company.

The Writ of Summons and Statement of Claim dated 10 June 2010 was served on LCLT and LCL on 15 July 2010.

2. The particulars of the claim under the Writ of Summons, including the amount claimed for and the interest rate.

The Plaintiff's claims are for the following:

The sum of RM1,639,425.44 as at 18th March 2010 in respect of default in payments under the Multi Option Trade Financing Facility of RM2,000,000/-.

Note : No interest rate was stated in the Writ of Summons.

3. The details of the default or circumstances leading to the filing of the Writ of Summons against the Company, its subsidiary or major associated company.

The filing of the Writ of Summons is a result of the default in payment of the banking facilities granted to LCLT.

4. The financial and operational impact of the Writ of Summons on the Group.

(a) In the event LCL loses the case, the expected financial losses arising from the litigation is as mentioned in Note 2 above.
(b) The litigation will not have any operational impact on LCL Group as LCLT has ceased operations with effect from 31 December 2009.

5. The expected losses, if any, arising from the Writ of Summons.

The sum mentioned in Note 2 above alleged to be due together with costs thereon.

6. The steps taken and proposed to be taken by the Company in respect of the Writ of Summons.

LCL will seek necessary legal advice from its solicitors with regards to the claim and instruct its solicitors to defend the said claim.

The Company will announce further developments on the above matter as and when necessary.

This announcement is dated 16 July 2010.

[Note : Amendments were made to Note 4(a) & 5 above]


SUCCESS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 19/07/2010

Announcement Detail:
Date of buy back: 19/07/2010

Description of shares purchased: Ordinary shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 7,000

Minimum price paid for each share purchased ($$): 1.170

Maximum price paid for each share purchased ($$): 1.180

Total consideration paid ($$): 8,220.10

Number of shares purchased retained in treasury (units): 7,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 6,516,500

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 (%): 5.43


BSLCORP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BSL CORPORATION BERHAD
Stock Name: BSLCORP
Date Announced: 19/07/2010

Announcement Detail:
Date of buy back: 19/07/2010

Description of shares purchased: Ordinary Shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 2,000

Minimum price paid for each share purchased ($$): 0.250

Maximum price paid for each share purchased ($$): 0.250

Total consideration paid ($$): 541.25

Number of shares purchased retained in treasury (units): 2,000

Cumulative net outstanding treasury shares as at to-date (units): 261,300

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.27


PA - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: P.A. RESOURCES BERHAD
Stock Name: PA
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: P.A. RESOURCES BERHAD ("PARB" OR THE "COMPANY")

RENOUNCEABLE RIGHTS ISSUE OF UP TO 66,792,000 NEW ORDINARY SHARES OF RM0.50 EACH IN PARB ("PARB SHARES") ("RIGHTS SHARES") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING PARB SHARES HELD TOGETHER WITH UP TO 66,792,000 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY ONE (1) RIGHTS SHARE SUBSCRIBED AT 5.00 P.M. ON 25 JUNE 2010 ("RIGHTS ISSUE WITH WARRANTS")

Contents: We refer to the announcements made by OSK Investment Bank Berhad ("OSK") on behalf of the Board of Directors of PARB ("Board") on 17 December 2009, 4 January 2010, 18 January 2010, 10 June 2010, 11 June 2010 and 17 June 2010 in relation to the Rights Issue with Warrants.


SUNCRN - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 19/07/2010

Announcement Detail:
Date of buy back: 19/07/2010

Description of shares purchased: Ordinary shares of RM1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 10,500

Minimum price paid for each share purchased ($$): 1.860

Maximum price paid for each share purchased ($$): 1.870

Total consideration paid ($$): 19,773.67

Number of shares purchased retained in treasury (units): 10,500

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,153,000

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 (%): 2.82


SCOMIEN - SCOMI ENGINEERING BHD - INCORPORATION OF WHOLLY OWNED SUBSIDIARY

Announcement Type: General Announcement
Company Name: SCOMI ENGINEERING BHD
Stock Name: SCOMIEN
Date Announced: 19/07/2010

Announcement Detail:
Type: Announcement

Subject: SCOMI ENGINEERING BHD
- INCORPORATION OF WHOLLY OWNED SUBSIDIARY

Contents: The Board of Scomi Engineering Bhd ("SEB") is pleased to announce that SEB has incorporated a wholly owned subsidiary company known as Scomi Transit Projects Sdn Bhd with an authorised capital of RM1,000,000/- and paid-up capital of RM100,000/-.

The intended business activity of the said subsidiary is to engage in the business of development, manufacture and supply of monorail transportation infrastructure systems equipment and services.


GFB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 19/07/2010

Announcement Detail:
Date of buy back: 19/07/2010

Description of shares purchased: Ordinary Shares of RM1 Each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 7,000

Minimum price paid for each share purchased ($$): 1.370

Maximum price paid for each share purchased ($$): 1.380

Total consideration paid ($$): 9,670.48

Number of shares purchased retained in treasury (units): 7,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,545,000

Adjusted issued capital after cancellation (no. of shares) (units): 56,608,800

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.73

Remarks: Total consideration paid for shares purchased is inclusive of brokerage, clearing house fee and stamp duty.

This announcement is dated 19/07/2010.



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