AMOLEK - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: THE AYER MOLEK RUBBER COMPANY BERHAD ("AMOLEK" OR THE "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcements dated 1 June 2010 and 1 July 2010 and pursuant to Paragraph 4.4 of PN17, the Board of Directors of AMolek wishes to inform that the Company is evaluating its options to meet its obligations under PN17 and has approximately three and a half (3���) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 2 August 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: THE AYER MOLEK RUBBER COMPANY BERHAD
Stock Name: AMOLEK
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: THE AYER MOLEK RUBBER COMPANY BERHAD ("AMOLEK" OR THE "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 ("PN17") OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcements dated 1 June 2010 and 1 July 2010 and pursuant to Paragraph 4.4 of PN17, the Board of Directors of AMolek wishes to inform that the Company is evaluating its options to meet its obligations under PN17 and has approximately three and a half (3���) months to submit its Regularisation Plan to the relevant authorities for approval.
This announcement is dated 2 August 2010.
GKENT - General Announcement
Announcement Type: General Announcement
Company Name: GEORGE KENT (MALAYSIA) BERHAD
Stock Name: GKENT
Date Announced: 02/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NM-100729-62292
Subject: Construction and Completion of Panching Water Treatment Works, Kuantan, Pahang, for the East Coast Economic Region Development (Package 1) ("The Project")
Contents: We refer to the announcement dated 28th July 2010 and the query letter from Bursa Malaysia Securities Berhad dated 30 July 2010.
On behalf of the Board of Directors of George Kent (Malaysia) Berhad ("GKM"), the following are the additional information required:-
1. The consortium partner is Leika Sdn Bhd (Company No. 40245-W), a private limited company incorporated in Malaysia, with its principal place of business at 77-C (Mezzanine Floor), Jalan Hilir, 20300 Kuala Terengganu.
2. There is no capital or investment involved as The Project is not capital in nature. The securing of The Project is in the normal course of GKM's business.
3. Under The Project, each partner is responsible for their respective portion of works. GKM's scope of work under The Project, subject to finalisation in terms of value, is estimated at about RM60 million.
Query Letter content: We refer to your announcement dated 28 July 2010 in respect of the above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The details of the consortium partner.
The breakdown of George Kent (Malaysia) Berhad's total capital and investment
outlay in the joint-venture.
The terms of cost and profit sharing and the estimated total cost of project.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
Company Name: GEORGE KENT (MALAYSIA) BERHAD
Stock Name: GKENT
Date Announced: 02/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NM-100729-62292
Subject: Construction and Completion of Panching Water Treatment Works, Kuantan, Pahang, for the East Coast Economic Region Development (Package 1) ("The Project")
Contents: We refer to the announcement dated 28th July 2010 and the query letter from Bursa Malaysia Securities Berhad dated 30 July 2010.
On behalf of the Board of Directors of George Kent (Malaysia) Berhad ("GKM"), the following are the additional information required:-
1. The consortium partner is Leika Sdn Bhd (Company No. 40245-W), a private limited company incorporated in Malaysia, with its principal place of business at 77-C (Mezzanine Floor), Jalan Hilir, 20300 Kuala Terengganu.
2. There is no capital or investment involved as The Project is not capital in nature. The securing of The Project is in the normal course of GKM's business.
3. Under The Project, each partner is responsible for their respective portion of works. GKM's scope of work under The Project, subject to finalisation in terms of value, is estimated at about RM60 million.
Query Letter content: We refer to your announcement dated 28 July 2010 in respect of the above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
The details of the consortium partner.
The breakdown of George Kent (Malaysia) Berhad's total capital and investment
outlay in the joint-venture.
The terms of cost and profit sharing and the estimated total cost of project.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/NMA
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
LIENHOE - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: LIEN HOE CORPORATION BERHAD
Stock Name: LIENHOE
Date Announced: 02/08/2010
Announcement Detail:
Date of buy back: 02/08/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 421,400
Minimum price paid for each share purchased ($$): 0.300
Maximum price paid for each share purchased ($$): 0.310
Total consideration paid ($$): 128,000.60
Number of shares purchased retained in treasury (units): 421,400
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 8,139,200
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.25
Company Name: LIEN HOE CORPORATION BERHAD
Stock Name: LIENHOE
Date Announced: 02/08/2010
Announcement Detail:
Date of buy back: 02/08/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 421,400
Minimum price paid for each share purchased ($$): 0.300
Maximum price paid for each share purchased ($$): 0.310
Total consideration paid ($$): 128,000.60
Number of shares purchased retained in treasury (units): 421,400
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 8,139,200
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 (%): 2.25
LIENHOE - DISPOSAL OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF CHRISTINE INN & RECREATION SDN BHD
Announcement Type: General Announcement
Company Name: LIEN HOE CORPORATION BERHAD
Stock Name: LIENHOE
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF CHRISTINE INN & RECREATION SDN BHD
Contents: DISPOSAL OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF CHRISTINE INN & RECREATION SDN BHD
Company Name: LIEN HOE CORPORATION BERHAD
Stock Name: LIENHOE
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF CHRISTINE INN & RECREATION SDN BHD
Contents: DISPOSAL OF THE ENTIRE ISSUED AND PAID UP CAPITAL OF CHRISTINE INN & RECREATION SDN BHD
MAICA - General Announcement
Announcement Type: General Announcement
Company Name: MALAYSIA AICA BERHAD
Stock Name: MAICA
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AICA BERHAD ("Maica" or "the Company")
- Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue or Trading Nature
Contents: The Board of Directors of Maica ("the Board") wishes to announce that Maica proposes to seek its shareholders' approval for the Proposed Renewal of Shareholders' Mandate for its Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") with Spanco Sdn Bhd ("the related party"). The existing shareholders' mandate previously approved by the shareholders of the Company at its 40th Annual General Meeting ("AGM") held on 19 August, 2009 will lapse at the conclusion of the forthcoming 41st AGM unless it is renewed.
The Proposed Renewal of Shareholders' Mandate, if approved by the shareholders at the forthcoming AGM, will allow the Maica Group, in its normal course of business, to continue to enter into RRPT with the related party which are necessary for its day-to-day operations and are in the ordinary course of business and on terms not more favourable to the related party than those generally available to the public and are not to the detriment of the minority shareholders.
The Circular to Shareholders which sets out the details of the Proposed Renewal of Shareholders' Mandate will be issued together with the Company's 2010 Annual Report in due course.
Company Name: MALAYSIA AICA BERHAD
Stock Name: MAICA
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AICA BERHAD ("Maica" or "the Company")
- Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions of A Revenue or Trading Nature
Contents: The Board of Directors of Maica ("the Board") wishes to announce that Maica proposes to seek its shareholders' approval for the Proposed Renewal of Shareholders' Mandate for its Recurrent Related Party Transactions of a Revenue or Trading Nature ("RRPT") with Spanco Sdn Bhd ("the related party"). The existing shareholders' mandate previously approved by the shareholders of the Company at its 40th Annual General Meeting ("AGM") held on 19 August, 2009 will lapse at the conclusion of the forthcoming 41st AGM unless it is renewed.
The Proposed Renewal of Shareholders' Mandate, if approved by the shareholders at the forthcoming AGM, will allow the Maica Group, in its normal course of business, to continue to enter into RRPT with the related party which are necessary for its day-to-day operations and are in the ordinary course of business and on terms not more favourable to the related party than those generally available to the public and are not to the detriment of the minority shareholders.
The Circular to Shareholders which sets out the details of the Proposed Renewal of Shareholders' Mandate will be issued together with the Company's 2010 Annual Report in due course.
UMW - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 02/08/2010
Announcement Detail:
Date of change: 02/08/2010
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Siow Kim Lun @ Siow Kim Lin
Age: 59
Nationality: Malaysian
Qualifications: Harvard Business School (Spring 1997)
- Advanced Management Programme
Catholic University of Leuven, Belgium (1981)
- MBA (Distinction)
National University of Malaysia (1978)
- Bachelor of Economics (Hons)
Technical Teachers Training College, Kuala Lumpur (1972)
- Certificate in Teaching
Working experience and occupation: Securities Commission, Malaysia
Executive Director, Office of the Chairman
(July 2006 - December 2006)
Director (Head), Market Supervision Division
(January 2000 - June 2006)
Director (Head), Issues & Investment Division
(April 1993 - January 2000)
Permata Chartered Merchant Bank Berhad (now known as Affin Investment Bank Berhad)
Manager to Divisional Manager (Head), Corporate Finance
(1985 - 1993)
Malaysian International Merchant Bankers Berhad/Malaysian International Finance Berhad
Executive to Manager, Corporate Finance/Branch Manager
(1981 - 1985)
Government Secondary Schools
Secondary School Teacher
(1973 - 1978)
Directorship of public companies (if any): Director, WZ Steel Berhad
Director, XingQuan International Sports Holdings Limited
Director, Citibank Berhad
Director, YTY Industry Holdings 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): 1) Dato' Siow Kim Lun @ Siow Kim Lin
(Chairman)(Independent Non-Executive Director)
2) Dr Leong Chik Weng
(Independent Non-Executive Director)
3) Dato' Mohd. Nizam bin Zainordin
(Non-Independent Non-Executive Director)
Remarks: cc - Securities Commission
(Issues & Investment Division)
Company Name: UMW HOLDINGS BERHAD
Stock Name: UMW
Date Announced: 02/08/2010
Announcement Detail:
Date of change: 02/08/2010
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: Dato' Siow Kim Lun @ Siow Kim Lin
Age: 59
Nationality: Malaysian
Qualifications: Harvard Business School (Spring 1997)
- Advanced Management Programme
Catholic University of Leuven, Belgium (1981)
- MBA (Distinction)
National University of Malaysia (1978)
- Bachelor of Economics (Hons)
Technical Teachers Training College, Kuala Lumpur (1972)
- Certificate in Teaching
Working experience and occupation: Securities Commission, Malaysia
Executive Director, Office of the Chairman
(July 2006 - December 2006)
Director (Head), Market Supervision Division
(January 2000 - June 2006)
Director (Head), Issues & Investment Division
(April 1993 - January 2000)
Permata Chartered Merchant Bank Berhad (now known as Affin Investment Bank Berhad)
Manager to Divisional Manager (Head), Corporate Finance
(1985 - 1993)
Malaysian International Merchant Bankers Berhad/Malaysian International Finance Berhad
Executive to Manager, Corporate Finance/Branch Manager
(1981 - 1985)
Government Secondary Schools
Secondary School Teacher
(1973 - 1978)
Directorship of public companies (if any): Director, WZ Steel Berhad
Director, XingQuan International Sports Holdings Limited
Director, Citibank Berhad
Director, YTY Industry Holdings 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): 1) Dato' Siow Kim Lun @ Siow Kim Lin
(Chairman)(Independent Non-Executive Director)
2) Dr Leong Chik Weng
(Independent Non-Executive Director)
3) Dato' Mohd. Nizam bin Zainordin
(Non-Independent Non-Executive Director)
Remarks: cc - Securities Commission
(Issues & Investment Division)
YTL - YTL CORPORATION BERHAD - INCORPORATION OF A NEW SUBSIDIARY
Announcement Type: General Announcement
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: YTL CORPORATION BERHAD
- INCORPORATION OF A NEW SUBSIDIARY
Contents: Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, YTL Corporation Berhad ("YTL Corp" or "the Company") wishes to announce that its wholly-owned subsidiary, YTL Hotels & Properties Sdn Bhd, has incorporated a wholly-owned subsidiary, YTL Hotels (Singapore) Pte Ltd ("YTLHS") in Singapore on 30 July 2010. YTLHS was incorporated for the purpose of undertaking the travel and hospitality related business.
The issued and paid-up share capital of YTLHS is SGD1.00 comprising of 1 ordinary share.
The incorporation of YTLHS does not have any material effect on the earnings, gearing or net assets of YTL Corp Group for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the said incorporation.
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: YTL CORPORATION BERHAD
- INCORPORATION OF A NEW SUBSIDIARY
Contents: Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, YTL Corporation Berhad ("YTL Corp" or "the Company") wishes to announce that its wholly-owned subsidiary, YTL Hotels & Properties Sdn Bhd, has incorporated a wholly-owned subsidiary, YTL Hotels (Singapore) Pte Ltd ("YTLHS") in Singapore on 30 July 2010. YTLHS was incorporated for the purpose of undertaking the travel and hospitality related business.
The issued and paid-up share capital of YTLHS is SGD1.00 comprising of 1 ordinary share.
The incorporation of YTLHS does not have any material effect on the earnings, gearing or net assets of YTL Corp Group for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the said incorporation.
IBRACO - General Announcement
Announcement Type: General Announcement
Company Name: IBRACO BERHAD
Stock Name: IBRACO
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: Ibraco Berhad ("Ibraco" or "the Company")
- Monthly Announcement on the status of Regularization Plan pursuant to Practice Note 17 of the Main Market Listing Requirements
Contents: Further to the announcement made on 10 May 2010 (First Announcement), the Board of Directors of ���Ibraco wishes to announce that the Company is in the midst of formulating a regularization plan to regularize its financial condition.
The Company has approximately 9 months to submit its regularization plan to the relevant authorities for approval.
This announcement is dated 2nd August 2010.
Company Name: IBRACO BERHAD
Stock Name: IBRACO
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: Ibraco Berhad ("Ibraco" or "the Company")
- Monthly Announcement on the status of Regularization Plan pursuant to Practice Note 17 of the Main Market Listing Requirements
Contents: Further to the announcement made on 10 May 2010 (First Announcement), the Board of Directors of ���Ibraco wishes to announce that the Company is in the midst of formulating a regularization plan to regularize its financial condition.
The Company has approximately 9 months to submit its regularization plan to the relevant authorities for approval.
This announcement is dated 2nd August 2010.
AFFIN - General Announcement
Announcement Type: General Announcement
Company Name: AFFIN HOLDINGS BERHAD
Stock Name: AFFIN
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: AFFIN Holdings Berhad ("AHB")
Member's Voluntary Winding Up of Merchant Nominees (Tempatan) Sdn. Bhd.
Contents: AFFIN Holdings Berhad ("AHB") wishes to announce that Merchant Nominees (Tempatan) Sdn. Bhd. ("MNTSB"), a dormant and wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AHB, had on 30 July 2010 commenced Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.
Pursuant thereto, Mr. Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.
Brief information of Merchant Nominees (Tempatan) Sdn. Bhd.
MNTSB was incorporated on 30 May 1974; its authorised share capital consists of RM25,000-00 divided into 25,000 ordinary shares of RM1-00 each and its paid up share capital is RM10,000-00 consisting of 10,000 ordinary shares of RM1-00 each fully paid up.
Rationale for the Winding-up
The Member's Voluntary Winding-up of MNTSB is to rationalise and streamline the AHB Group Structure.
Effects of the Winding-up
The winding-up of MNTSB will not have any financial effect on the AHB Group.
This announcement is dated 2 August 2010.
Company Name: AFFIN HOLDINGS BERHAD
Stock Name: AFFIN
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: AFFIN Holdings Berhad ("AHB")
Member's Voluntary Winding Up of Merchant Nominees (Tempatan) Sdn. Bhd.
Contents: AFFIN Holdings Berhad ("AHB") wishes to announce that Merchant Nominees (Tempatan) Sdn. Bhd. ("MNTSB"), a dormant and wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AHB, had on 30 July 2010 commenced Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.
Pursuant thereto, Mr. Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.
Brief information of Merchant Nominees (Tempatan) Sdn. Bhd.
MNTSB was incorporated on 30 May 1974; its authorised share capital consists of RM25,000-00 divided into 25,000 ordinary shares of RM1-00 each and its paid up share capital is RM10,000-00 consisting of 10,000 ordinary shares of RM1-00 each fully paid up.
Rationale for the Winding-up
The Member's Voluntary Winding-up of MNTSB is to rationalise and streamline the AHB Group Structure.
Effects of the Winding-up
The winding-up of MNTSB will not have any financial effect on the AHB Group.
This announcement is dated 2 August 2010.
AFFIN - AFFIN Holdings Berhad ("AHB") Member's Voluntary Winding Up of Merchant Nominees (Asing) Sdn. Bhd.
Announcement Type: General Announcement
Company Name: AFFIN HOLDINGS BERHAD
Stock Name: AFFIN
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: AFFIN Holdings Berhad ("AHB")
Member's Voluntary Winding Up of Merchant Nominees (Asing) Sdn. Bhd.
Contents: AFFIN Holdings Berhad ("AHB") wishes to announce that Merchant Nominees (Asing) Sdn. Bhd. ("MNASB"), a dormant and wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AHB, had on 30 July 2010 commenced Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.
Pursuant thereto, Mr. Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.
Brief information of Merchant Nominees (Asing) Sdn. Bhd.
MNASB was incorporated on 26 December 1974; its authorised share capital consists of RM100,000-00 divided into 100,000 ordinary shares of RM1-00 each and its paid up share capital is RM2-00 consisting of 2 ordinary shares of RM1-00 each fully paid up.
Rationale for the Winding-up
The Member's Voluntary Winding-up of MNASB is to rationalise and streamline the AHB Group Structure.
Effects of the Winding-up
The winding-up of MNASB will not have any financial effect on the AHB Group.
This announcement is dated 2 August 2010.
Company Name: AFFIN HOLDINGS BERHAD
Stock Name: AFFIN
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: AFFIN Holdings Berhad ("AHB")
Member's Voluntary Winding Up of Merchant Nominees (Asing) Sdn. Bhd.
Contents: AFFIN Holdings Berhad ("AHB") wishes to announce that Merchant Nominees (Asing) Sdn. Bhd. ("MNASB"), a dormant and wholly-owned subsidiary of AFFIN Investment Bank Berhad, which in turn is a wholly-owned subsidiary of AHB, had on 30 July 2010 commenced Member's Voluntary Winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.
Pursuant thereto, Mr. Tan Leh Kiah of AD-Consult Sdn. Bhd., Suite 13.03, 13th Floor, Menara Tan & Tan, 207 Jalan Tun Razak, 50400 Kuala Lumpur, has been appointed as Liquidator.
Brief information of Merchant Nominees (Asing) Sdn. Bhd.
MNASB was incorporated on 26 December 1974; its authorised share capital consists of RM100,000-00 divided into 100,000 ordinary shares of RM1-00 each and its paid up share capital is RM2-00 consisting of 2 ordinary shares of RM1-00 each fully paid up.
Rationale for the Winding-up
The Member's Voluntary Winding-up of MNASB is to rationalise and streamline the AHB Group Structure.
Effects of the Winding-up
The winding-up of MNASB will not have any financial effect on the AHB Group.
This announcement is dated 2 August 2010.
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