SYSCORP - General Announcement
Announcement Type: General Announcement
Company Name: SHIN YANG SHIPPING CORPORATION BERHAD
Stock Name: SYSCORP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: (i) Proposed Shareholders' Ratification for recurrent related party transactions of a revenue or trading nature for the period from date of listing up to the forthcoming Annual General Meeting
(ii) Proposed Shareholders' Mandate for recurrent related party transactions of a revenue or trading nature from the date of the forthcoming Annual General Meeting up to the conclusion of the next Annual General Meeting
Contents: The Board of Directors of the Shin Yang Shipping Corporation Berhad ("SYSCORP") wishes to announce that the Company intends to seek its shareholders' approval at the forthcoming Annual General Meeting ("AGM") for the following:-
(i) Proposed shareholders' ratification for recurrent related party transactions of a revenue or trading nature which are necessary for the day-to-day operations ("RRPT") of the Company and its subsidiaries (collectively the "Group") entered/to be entered into between 23 June 2010 (being the date of listing of the Company on the Main Market of Bursa Malaysia Securities Berhad) up to the date of the forthcoming 5th AGM of the Company to be convened; and
(ii) Proposed shareholders' mandate for RRPT from the date of the forthcoming 5th AGM up to the conclusion of the 6th AGM.
A Circular to Shareholders containing details of the abovementioned proposals will be despatched to the shareholders of the Company in due course.
This announcement is dated 16 July 2010.
Company Name: SHIN YANG SHIPPING CORPORATION BERHAD
Stock Name: SYSCORP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: (i) Proposed Shareholders' Ratification for recurrent related party transactions of a revenue or trading nature for the period from date of listing up to the forthcoming Annual General Meeting
(ii) Proposed Shareholders' Mandate for recurrent related party transactions of a revenue or trading nature from the date of the forthcoming Annual General Meeting up to the conclusion of the next Annual General Meeting
Contents: The Board of Directors of the Shin Yang Shipping Corporation Berhad ("SYSCORP") wishes to announce that the Company intends to seek its shareholders' approval at the forthcoming Annual General Meeting ("AGM") for the following:-
(i) Proposed shareholders' ratification for recurrent related party transactions of a revenue or trading nature which are necessary for the day-to-day operations ("RRPT") of the Company and its subsidiaries (collectively the "Group") entered/to be entered into between 23 June 2010 (being the date of listing of the Company on the Main Market of Bursa Malaysia Securities Berhad) up to the date of the forthcoming 5th AGM of the Company to be convened; and
(ii) Proposed shareholders' mandate for RRPT from the date of the forthcoming 5th AGM up to the conclusion of the 6th AGM.
A Circular to Shareholders containing details of the abovementioned proposals will be despatched to the shareholders of the Company in due course.
This announcement is dated 16 July 2010.
P&O - Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Announcement Type: Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Company Name: PACIFIC & ORIENT BERHAD
Stock Name: P&O
Date Announced: 16/07/2010
Announcement Detail:
Date of transaction: 16/07/2010
Currency: Malaysian Ringgit (MYR)
Total number of treasury shares sold (units): 500,000
Minimum price paid for each share sold ($$): 0.645
Maximum price paid for each share sold ($$): 0.645
Total amount received for treasury shares sold ($$): 321,235.75
Cumulative net outstanding treasury shares as at to-date (units): 2,328,308
Company Name: PACIFIC & ORIENT BERHAD
Stock Name: P&O
Date Announced: 16/07/2010
Announcement Detail:
Date of transaction: 16/07/2010
Currency: Malaysian Ringgit (MYR)
Total number of treasury shares sold (units): 500,000
Minimum price paid for each share sold ($$): 0.645
Maximum price paid for each share sold ($$): 0.645
Total amount received for treasury shares sold ($$): 321,235.75
Cumulative net outstanding treasury shares as at to-date (units): 2,328,308
KUB - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: KUB MALAYSIA BERHAD
Stock Name: KUB
Date Announced: 16/07/2010
Announcement Detail:
Date of change: 16/07/2010
Type of change: Resignation
Designation: Secretary
License no.: LS008774
Name: EULIS RACHMATIAH ISKANDAR
Working experience and occupation during past 5 years: Company Secretary
Company Name: KUB MALAYSIA BERHAD
Stock Name: KUB
Date Announced: 16/07/2010
Announcement Detail:
Date of change: 16/07/2010
Type of change: Resignation
Designation: Secretary
License no.: LS008774
Name: EULIS RACHMATIAH ISKANDAR
Working experience and occupation during past 5 years: Company Secretary
VS - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: V.S. INDUSTRY BERHAD
Stock Name: VS
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back: 16/07/2010
Description of shares purchased: Ordinary share of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 27,000
Minimum price paid for each share purchased ($$): 1.190
Maximum price paid for each share purchased ($$): 1.200
Total consideration paid ($$): 32,415.72
Number of shares purchased retained in treasury (units): 27,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 411,236
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.23
Company Name: V.S. INDUSTRY BERHAD
Stock Name: VS
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back: 16/07/2010
Description of shares purchased: Ordinary share of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 27,000
Minimum price paid for each share purchased ($$): 1.190
Maximum price paid for each share purchased ($$): 1.200
Total consideration paid ($$): 32,415.72
Number of shares purchased retained in treasury (units): 27,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 411,236
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 (%): 0.23
TRANMIL - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: TRANSMILE GROUP BERHAD
Stock Name: TRANMIL
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: TRANSMILE GROUP BERHAD ("TRANSMILE" OR THE "COMPANY")
RESTRAINING ORDER UNDER SECTION 176(10) OF THE COMPANIES ACT 1965 ("the Act")
Contents: Kenanga Investment Bank Berhad, on behalf of the Board of Directors of Transmile ("Board"), wishes to announce that an Order has been granted by the High Court of Malaya at Kuala Lumpur on 16 July 2010 pursuant to Section 176(10) of the Act, to restrain all further proceedings, and any and all actions or proceedings against Transmile and Transmile Air Services Sdn Bhd ("TAS"), a wholly-owned subsidiary of the Company, for a period of ninety (90) days from 16 July 2010 ("Restraining Order"). Transmile and TAS have obtained an Order to convene a meeting of scheme creditors within the aforesaid period to seek the scheme creditors' approval for their respective schemes of arrangement. The implementation of their respective schemes of arrangement would also require approvals and/or consents from other regulatory authorities including shareholders, where required.
The Restraining Order is granted in relation to the following events:-
1. TAS has pursuant to a Commercial Papers / Medium Term Notes Programme issued notes with an aggregate face value of RM105,000,000 ("Notes"), whereby TAS had defaulted in the payment of the Notes due on 29 August 2008.
2. Arising therefrom, Malaysian Trustees Berhad ("MTB") had on 26 March 2010 served a Notice pursuant to Section 218(2)(a) of the Act demanding TAS to pay the default outstanding amount together with all other amounts payable by TAS pursuant to the Notes amounting to RM106,117,534.23, being the principal, coupon and default interest due and owing as at 24 March 2010 ("Outstanding Amount") within three (3) weeks.
3. Subsequently, a winding-up petition was served on TAS by MTB on 4 June 2010 pursuant to Section 218 of the Act ("Petition"), as TAS had failed to pay the Outstanding Amount within three (3) weeks of the receipt of the aforesaid Notice.
The Restraining Order will allow the Company and TAS to finalise a conclusive debt restructuring proposal with the lenders under a scheme of arrangement to restructure the debts owing to the lenders including the Outstanding Amount. The debt restructuring proposal is an integral part of the regularisation plan to regularise the financial condition of the Company pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The full details of the proposed scheme of arrangement will be announced in due course.
The Restraining Order is not expected to have any material impact on the financial and operational matters of the Company and TAS. Notwithstanding that, the service of the Petition may on its own trigger or result in a termination event or event of default on TAS's business contracts and in the event such contracts are terminated, TAS's operations will have to cease and as a result, the Group will suffer adverse financial consequences.
This announcement is dated 16 July 2010.
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: TRANSMILE GROUP BERHAD
Stock Name: TRANMIL
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: TRANSMILE GROUP BERHAD ("TRANSMILE" OR THE "COMPANY")
RESTRAINING ORDER UNDER SECTION 176(10) OF THE COMPANIES ACT 1965 ("the Act")
Contents: Kenanga Investment Bank Berhad, on behalf of the Board of Directors of Transmile ("Board"), wishes to announce that an Order has been granted by the High Court of Malaya at Kuala Lumpur on 16 July 2010 pursuant to Section 176(10) of the Act, to restrain all further proceedings, and any and all actions or proceedings against Transmile and Transmile Air Services Sdn Bhd ("TAS"), a wholly-owned subsidiary of the Company, for a period of ninety (90) days from 16 July 2010 ("Restraining Order"). Transmile and TAS have obtained an Order to convene a meeting of scheme creditors within the aforesaid period to seek the scheme creditors' approval for their respective schemes of arrangement. The implementation of their respective schemes of arrangement would also require approvals and/or consents from other regulatory authorities including shareholders, where required.
The Restraining Order is granted in relation to the following events:-
1. TAS has pursuant to a Commercial Papers / Medium Term Notes Programme issued notes with an aggregate face value of RM105,000,000 ("Notes"), whereby TAS had defaulted in the payment of the Notes due on 29 August 2008.
2. Arising therefrom, Malaysian Trustees Berhad ("MTB") had on 26 March 2010 served a Notice pursuant to Section 218(2)(a) of the Act demanding TAS to pay the default outstanding amount together with all other amounts payable by TAS pursuant to the Notes amounting to RM106,117,534.23, being the principal, coupon and default interest due and owing as at 24 March 2010 ("Outstanding Amount") within three (3) weeks.
3. Subsequently, a winding-up petition was served on TAS by MTB on 4 June 2010 pursuant to Section 218 of the Act ("Petition"), as TAS had failed to pay the Outstanding Amount within three (3) weeks of the receipt of the aforesaid Notice.
The Restraining Order will allow the Company and TAS to finalise a conclusive debt restructuring proposal with the lenders under a scheme of arrangement to restructure the debts owing to the lenders including the Outstanding Amount. The debt restructuring proposal is an integral part of the regularisation plan to regularise the financial condition of the Company pursuant to Practice Note 17 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. The full details of the proposed scheme of arrangement will be announced in due course.
The Restraining Order is not expected to have any material impact on the financial and operational matters of the Company and TAS. Notwithstanding that, the service of the Petition may on its own trigger or result in a termination event or event of default on TAS's business contracts and in the event such contracts are terminated, TAS's operations will have to cease and as a result, the Group will suffer adverse financial consequences.
This announcement is dated 16 July 2010.
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: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD ("SIHB")
I. PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN SIHB OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY
II. PROPOSED ISSUANCE OF 35,000,000 WARRANTS IN SIHB ("PROPOSED WARRANTS ISSUE")
Contents: We refer to our announcement dated 30 June 2010. HwangDBS Investment Bank Berhad, on behalf of the Board of Directors of SIHB, is pleased to announce that Bank Negara Malaysia has approved the issuance of 35,000,000 warrants to GEM Global Yield Fund pursuant to the Proposed Warrants Issue, without imposing any conditions.
This announcement is dated 16 July 2010.
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD
Stock Name: SUPPORT
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: SUPPORTIVE INTERNATIONAL HOLDINGS BERHAD ("SIHB")
I. PROPOSED PRIVATE PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN SIHB OF UP TO TWENTY PERCENT (20%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY
II. PROPOSED ISSUANCE OF 35,000,000 WARRANTS IN SIHB ("PROPOSED WARRANTS ISSUE")
Contents: We refer to our announcement dated 30 June 2010. HwangDBS Investment Bank Berhad, on behalf of the Board of Directors of SIHB, is pleased to announce that Bank Negara Malaysia has approved the issuance of 35,000,000 warrants to GEM Global Yield Fund pursuant to the Proposed Warrants Issue, without imposing any conditions.
This announcement is dated 16 July 2010.
YEN - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: YEN GLOBAL BERHAD
Stock Name: YEN
Date Announced: 16/07/2010
Announcement Detail:
Date of change: 16/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Dato' Wong Kam Hoong
Age: 63
Nationality: Malaysian
Qualifications: Member of Malaysian Institute of Accountants, CA(M) and Fellow of Association of Certified Chartered Accountants, FCCA(UK)
Working experience and occupation: Year 1974 - 1999
Partner of Wong Liu & Partners, Chartered Accountants
Year 1980 - 1998
Executive Director, Penang Chinese Chambers of Commerce
Year 1995 - 1999
Member of Parliament, Malaysia (MP of Bayan Baru, Penang)
Year 2000 - 2004
Parliamentary Secretary, Ministry of Domestic Trade and Consumer Affairs, Malaysia
Year 2004 - 2008
Deputy Minister, Ministry of Arts, Culture and Heritage, Malaysia
Directorship of public companies (if any): Baswell Resources Berhad
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: YEN GLOBAL BERHAD
Stock Name: YEN
Date Announced: 16/07/2010
Announcement Detail:
Date of change: 16/07/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Dato' Wong Kam Hoong
Age: 63
Nationality: Malaysian
Qualifications: Member of Malaysian Institute of Accountants, CA(M) and Fellow of Association of Certified Chartered Accountants, FCCA(UK)
Working experience and occupation: Year 1974 - 1999
Partner of Wong Liu & Partners, Chartered Accountants
Year 1980 - 1998
Executive Director, Penang Chinese Chambers of Commerce
Year 1995 - 1999
Member of Parliament, Malaysia (MP of Bayan Baru, Penang)
Year 2000 - 2004
Parliamentary Secretary, Ministry of Domestic Trade and Consumer Affairs, Malaysia
Year 2004 - 2008
Deputy Minister, Ministry of Arts, Culture and Heritage, Malaysia
Directorship of public companies (if any): Baswell Resources Berhad
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
YEN - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: YEN GLOBAL BERHAD
Stock Name: YEN
Date Announced: 16/07/2010
Announcement Detail:
Date of change: 16/07/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Wong Kam Hoong
Age: 63
Nationality: Malaysian
Qualifications: Member of Malaysian Institute of Accountants, CA(M) and Fellow of Association of Certified Chartered Accountants, FCCA(UK)
Working experience and occupation: Year 1974 - 1999
Partner of Wong Liu & Partners, Chartered Accountants
Year 1980 - 1998
Executive Director, Penang Chinese Chambers of Commerce
Year 1995 - 1999
Member of Parliament, Malaysia (MP of Bayan Baru, Penang)
Year 2000 - 2004
Parliamentary Secretary, Ministry of Domestic Trade and Consumer Affairs, Malaysia
Year 2004 - 2008
Deputy Minister, Ministry of Arts, Culture and Heritage, Malaysia
Directorship of public companies (if any): Basewell Resources Berhad
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): Mr Loh Chye Teik (Chairman of Audit Committee)
Encik Saffie Bin Bakar (Member of Audit Committee)
Dato' Wong Kam Hoong (Member of Audit Committee)
Company Name: YEN GLOBAL BERHAD
Stock Name: YEN
Date Announced: 16/07/2010
Announcement Detail:
Date of change: 16/07/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Wong Kam Hoong
Age: 63
Nationality: Malaysian
Qualifications: Member of Malaysian Institute of Accountants, CA(M) and Fellow of Association of Certified Chartered Accountants, FCCA(UK)
Working experience and occupation: Year 1974 - 1999
Partner of Wong Liu & Partners, Chartered Accountants
Year 1980 - 1998
Executive Director, Penang Chinese Chambers of Commerce
Year 1995 - 1999
Member of Parliament, Malaysia (MP of Bayan Baru, Penang)
Year 2000 - 2004
Parliamentary Secretary, Ministry of Domestic Trade and Consumer Affairs, Malaysia
Year 2004 - 2008
Deputy Minister, Ministry of Arts, Culture and Heritage, Malaysia
Directorship of public companies (if any): Basewell Resources Berhad
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): Mr Loh Chye Teik (Chairman of Audit Committee)
Encik Saffie Bin Bakar (Member of Audit Committee)
Dato' Wong Kam Hoong (Member of Audit Committee)
COMCORP - General Announcement
Announcement Type: General Announcement
Company Name: COMINTEL CORPORATION BHD
Stock Name: COMCORP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: COMINTEL CORPORATION BHD ("COMCORP")
COMINTEL SDN BHD ("COMINTEL"), THE WHOLLY-OWNED SUBSIDIARY OF COMCORP FILED A WRIT OF SUMMONS AND STATEMENT OF CLAIM AGAINST 1. U TELEVISION SDN BHD AND 2. TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
Kuala Lumpur High Court Civil Suit No. S-22-624-2010
Contents: The Board of Directors of Comcorp wishes to announce that its wholly-owned subsidiary, Comintel ("Plaintiff") has filed a Writ of Summons and Statement of Claim on 5 July 2010 against 1. U Television Sdn Bhd ("1st Defendant") and 2. Tan Sri Dato' Seri Vincent Tan Chee Yioun ("2nd Defendant") in respect of the following:
Company Name: COMINTEL CORPORATION BHD
Stock Name: COMCORP
Date Announced: 16/07/2010
Announcement Detail:
Type: Announcement
Subject: COMINTEL CORPORATION BHD ("COMCORP")
COMINTEL SDN BHD ("COMINTEL"), THE WHOLLY-OWNED SUBSIDIARY OF COMCORP FILED A WRIT OF SUMMONS AND STATEMENT OF CLAIM AGAINST 1. U TELEVISION SDN BHD AND 2. TAN SRI DATO' SERI VINCENT TAN CHEE YIOUN
Kuala Lumpur High Court Civil Suit No. S-22-624-2010
Contents: The Board of Directors of Comcorp wishes to announce that its wholly-owned subsidiary, Comintel ("Plaintiff") has filed a Writ of Summons and Statement of Claim on 5 July 2010 against 1. U Television Sdn Bhd ("1st Defendant") and 2. Tan Sri Dato' Seri Vincent Tan Chee Yioun ("2nd Defendant") in respect of the following:
KEN - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: KEN HOLDINGS BERHAD
Stock Name: KEN
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back: 16/07/2010
Description of shares purchased: Ordinary shares @ RM1/- each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 13,000
Minimum price paid for each share purchased ($$): 0.760
Maximum price paid for each share purchased ($$): 0.760
Total consideration paid ($$): 9,952.25
Number of shares purchased retained in treasury (units): 13,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,886,900
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.01
Company Name: KEN HOLDINGS BERHAD
Stock Name: KEN
Date Announced: 16/07/2010
Announcement Detail:
Date of buy back: 16/07/2010
Description of shares purchased: Ordinary shares @ RM1/- each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 13,000
Minimum price paid for each share purchased ($$): 0.760
Maximum price paid for each share purchased ($$): 0.760
Total consideration paid ($$): 9,952.25
Number of shares purchased retained in treasury (units): 13,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 2,886,900
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 (%): 3.01
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