BCTTECH - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: BCT TECHNOLOGY BERHAD (ACE Market)
Stock Name: BCTTECH
Date Announced: 19/08/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 2
Quarterly report for the financial period ended: 30/06/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: BCT TECHNOLOGY BERHAD (ACE Market)
Stock Name: BCTTECH
Date Announced: 19/08/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 2
Quarterly report for the financial period ended: 30/06/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
FOCUSP - Initial Public Offering (Amended Announcement)
Announcement Type: Initial Public Offering (IPO)
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: FOCUS POINT HOLDINGS BERHAD (ACE Market)
Stock Name: FOCUSP
Date Announced: 19/08/2010
Announcement Detail:
Date of listing: 23/08/2010
Units: 165,000,000
Currency: MYR 33,000,000.000
Par Value ($$): MYR 0.200
Stock code: 0157
Stock name: FOCUSP
ISIN code: MYQ0157OO006
Board: ACE Market
Sector: TRADING/SERVICES
Remarks: This announcement is dated 19 August 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: FOCUS POINT HOLDINGS BERHAD (ACE Market)
Stock Name: FOCUSP
Date Announced: 19/08/2010
Announcement Detail:
Date of listing: 23/08/2010
Units: 165,000,000
Currency: MYR 33,000,000.000
Par Value ($$): MYR 0.200
Stock code: 0157
Stock name: FOCUSP
ISIN code: MYQ0157OO006
Board: ACE Market
Sector: TRADING/SERVICES
Remarks: This announcement is dated 19 August 2010.
OILCORP - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: OILCORP BERHAD
Stock Name: OILCORP
Date Announced: 19/08/2010
Announcement Detail:
Date of change: 19/08/2010
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Dato' Eng Chip Jin
Age: 42
Nationality: Malaysian
Qualifications: -
Working experience and occupation: -
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: OILCORP BERHAD
Stock Name: OILCORP
Date Announced: 19/08/2010
Announcement Detail:
Date of change: 19/08/2010
Type of change: Resignation
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Dato' Eng Chip Jin
Age: 42
Nationality: Malaysian
Qualifications: -
Working experience and occupation: -
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
MELEWAR - General Announcement
Announcement Type: General Announcement
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" or "the Company")
DISPOSAL OF 26,587,009 ORDINARY SHARES IN GINDALBIE METALS LTD
BY ITS WHOLLY OWNED SUBSIDIARIES (MELEWAR STEEL VENTURES LTD AND M-POWER TT LTD)
Contents: 1.0 INTRODUCTION
Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), the Company wishes to announce that it had from 29 March 2010 to 18 August 2010 disposed a total of 26,587,009 ordinary fully paid shares in Gindalbie Metals Ltd ("GML") ("the Sale Shares") which are listed on the Australian Stock Exchange ("the Disposal") at an average disposal price of AUD 1.00 or its equivalent RM2.83 per share for a total consideration of AUD 26,525,362 or equivalent to RM 75,213,245; details of which are given below :-
Date of disposal Number of Sale Shares Disposed Manner of Disposal Average Disposal Price (AUD)
29 March to 31 March 2010 1,418,000 Open Market 1.18
01 April to 16 April 2010 1,669,009 Open Market 1.33
09 July to 27 July 2010 3,400,000 Open Market 1.00
10 August 2010 100,000 Open Market 1.04
18 August 2010 20,000,000 Direct Business Transaction 0.96
The disposal via open market carried out during the months of March and April 2010 were announced as part of the quarterly results of the Company on 31 May 2010.
2.0 DETAILS OF THE DISPOSAL
2.1 Information on GML
GML, a public listed company listed on the Australian Stock Exchange is principally involved in the iron ore exploration and development activities.
2.2 Information on the Sale Shares
The Sale Shares comprised of 26,587,009 fully paid shares representing approximately 3.76% of the total issued and paid up capital of GML.
2.3 The cash consideration of AUD 26,525,362 or its equivalent in Ringgit Malaysia of RM 75,213,245 was derived on "willing buyer-willing seller" basis and based on the prevailing market price of GML at the time of disposal.
2.4 There are no liabilities to be assumed by the purchaser arising from the Disposal.
3.0 RATIONALE OF THE DISPOSAL
The rationale for the Disposal is to realize funds from the Disposal to reduce the Group's bank borrowings and to provide working capital for the Group's operating requirements.
4.0 ORIGINAL COST OF INVESTMENT AND UTILISATION OF PROCEEDS
The original cost of investment of the Sale Shares was approximately RM0.29 per share at Group level and Company level. The average book value of the Sale Shares was approximately RM 2.91 per share at Group level and Company level.
The proceeds will be utilized to pare down bank borrowings and to provide working capital for the Group's operating requirements.
5.0 FINANCIAL EFFECTS
The Disposal will not have any material financial implication and effect to the net assets per share, earnings per share, gearing and has no effect on the share capital and substantial shareholders' shareholding of the Company. The loss on the Disposal at Group level and Company level was approximately RM2.1 Million.
6.0 APPROVALS REQUIRED
The Disposal is not subject to the approval of the shareholders or any relevant government authorities.
7.0 DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or Substantial Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Disposal.
8.0 PERCENTAGE RATIO
The cumulative effect of the highest percentage ratio applicable to the transaction pursuant to Paragraph 10.02(g) of the MMLR is 16.53%.
9.0 STATEMENT BY BOARD OF DIRECTORS
The Board of Directors of the Company, after due consideration of all aspects of the Disposal, are of the opinion that the Disposal is in the best interest of the Company.
This announcement is dated 19 August 2010.
Company Name: MELEWAR INDUSTRIAL GROUP BERHAD
Stock Name: MELEWAR
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: MELEWAR INDUSTRIAL GROUP BERHAD ("MIG" or "the Company")
DISPOSAL OF 26,587,009 ORDINARY SHARES IN GINDALBIE METALS LTD
BY ITS WHOLLY OWNED SUBSIDIARIES (MELEWAR STEEL VENTURES LTD AND M-POWER TT LTD)
Contents: 1.0 INTRODUCTION
Pursuant to Paragraph 10.06(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("MMLR"), the Company wishes to announce that it had from 29 March 2010 to 18 August 2010 disposed a total of 26,587,009 ordinary fully paid shares in Gindalbie Metals Ltd ("GML") ("the Sale Shares") which are listed on the Australian Stock Exchange ("the Disposal") at an average disposal price of AUD 1.00 or its equivalent RM2.83 per share for a total consideration of AUD 26,525,362 or equivalent to RM 75,213,245; details of which are given below :-
Date of disposal Number of Sale Shares Disposed Manner of Disposal Average Disposal Price (AUD)
29 March to 31 March 2010 1,418,000 Open Market 1.18
01 April to 16 April 2010 1,669,009 Open Market 1.33
09 July to 27 July 2010 3,400,000 Open Market 1.00
10 August 2010 100,000 Open Market 1.04
18 August 2010 20,000,000 Direct Business Transaction 0.96
The disposal via open market carried out during the months of March and April 2010 were announced as part of the quarterly results of the Company on 31 May 2010.
2.0 DETAILS OF THE DISPOSAL
2.1 Information on GML
GML, a public listed company listed on the Australian Stock Exchange is principally involved in the iron ore exploration and development activities.
2.2 Information on the Sale Shares
The Sale Shares comprised of 26,587,009 fully paid shares representing approximately 3.76% of the total issued and paid up capital of GML.
2.3 The cash consideration of AUD 26,525,362 or its equivalent in Ringgit Malaysia of RM 75,213,245 was derived on "willing buyer-willing seller" basis and based on the prevailing market price of GML at the time of disposal.
2.4 There are no liabilities to be assumed by the purchaser arising from the Disposal.
3.0 RATIONALE OF THE DISPOSAL
The rationale for the Disposal is to realize funds from the Disposal to reduce the Group's bank borrowings and to provide working capital for the Group's operating requirements.
4.0 ORIGINAL COST OF INVESTMENT AND UTILISATION OF PROCEEDS
The original cost of investment of the Sale Shares was approximately RM0.29 per share at Group level and Company level. The average book value of the Sale Shares was approximately RM 2.91 per share at Group level and Company level.
The proceeds will be utilized to pare down bank borrowings and to provide working capital for the Group's operating requirements.
5.0 FINANCIAL EFFECTS
The Disposal will not have any material financial implication and effect to the net assets per share, earnings per share, gearing and has no effect on the share capital and substantial shareholders' shareholding of the Company. The loss on the Disposal at Group level and Company level was approximately RM2.1 Million.
6.0 APPROVALS REQUIRED
The Disposal is not subject to the approval of the shareholders or any relevant government authorities.
7.0 DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS' INTERESTS
None of the Directors and/or Substantial Shareholders of the Company or persons connected to them has any interest, direct or indirect, in the Disposal.
8.0 PERCENTAGE RATIO
The cumulative effect of the highest percentage ratio applicable to the transaction pursuant to Paragraph 10.02(g) of the MMLR is 16.53%.
9.0 STATEMENT BY BOARD OF DIRECTORS
The Board of Directors of the Company, after due consideration of all aspects of the Disposal, are of the opinion that the Disposal is in the best interest of the Company.
This announcement is dated 19 August 2010.
GENM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GENTING MALAYSIA BERHAD
Stock Name: GENM
Date Announced: 19/08/2010
Announcement Detail:
Date of buy back: 19/08/2010
Description of shares purchased: Ordinary Shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 4,900,000
Minimum price paid for each share purchased ($$): 3.030
Maximum price paid for each share purchased ($$): 3.070
Total consideration paid ($$): 14,998,411.96
Number of shares purchased retained in treasury (units): 4,900,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 219,401,100
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.71
Remarks: Genting Malaysia Berhad ("Company") today acquired 4,900,000 shares at a total consideration of RM14,998,411.96 and at an average price of RM3.06 each. This share buy-back is part of the Company's continuing efforts under its capital management programme, which the Company constantly monitors together with its strategies of business expansion (through organic growth or acquisitions) and capital distribution. The Company shall continue to pursue share buy-back efforts when opportunities present themselves, pursuant to the mandate approved by the Company's shareholders on 9 June 2010.
Based on the Company's issued and paid-up share capital of 5,907,059,648 ordinary shares as at 19 August 2010, and after taking into account the cumulative net outstanding treasury shares to-date of 219,401,100 (representing approximately 3.71% of the issued and paid-up share capital), the Company intends to purchase up to a further 371,304,865 of its shares (representing approximately 6.29% of the issued and paid-up share capital) within the next 10 months.
Company Name: GENTING MALAYSIA BERHAD
Stock Name: GENM
Date Announced: 19/08/2010
Announcement Detail:
Date of buy back: 19/08/2010
Description of shares purchased: Ordinary Shares of RM0.10 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 4,900,000
Minimum price paid for each share purchased ($$): 3.030
Maximum price paid for each share purchased ($$): 3.070
Total consideration paid ($$): 14,998,411.96
Number of shares purchased retained in treasury (units): 4,900,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 219,401,100
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.71
Remarks: Genting Malaysia Berhad ("Company") today acquired 4,900,000 shares at a total consideration of RM14,998,411.96 and at an average price of RM3.06 each. This share buy-back is part of the Company's continuing efforts under its capital management programme, which the Company constantly monitors together with its strategies of business expansion (through organic growth or acquisitions) and capital distribution. The Company shall continue to pursue share buy-back efforts when opportunities present themselves, pursuant to the mandate approved by the Company's shareholders on 9 June 2010.
Based on the Company's issued and paid-up share capital of 5,907,059,648 ordinary shares as at 19 August 2010, and after taking into account the cumulative net outstanding treasury shares to-date of 219,401,100 (representing approximately 3.71% of the issued and paid-up share capital), the Company intends to purchase up to a further 371,304,865 of its shares (representing approximately 6.29% of the issued and paid-up share capital) within the next 10 months.
AIRPORT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name: AIRPORT
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB" OR THE "COMPANY")
PROPOSED OFFERING OF ISLAMIC COMMERCIAL PAPERS ("ICP") AND ISLAMIC MEDIUM TERM NOTES ("IMTN") PURSUANT TO AN ISLAMIC COMMERCIAL PAPER PROGRAMME ("ICP PROGRAMME") AND AN ISLAMIC MEDIUM TERM NOTE PROGRAMME ("IMTN PROGRAMME"), RESPECTIVELY WITH A COMBINED AGGREGATE NOMINAL VALUE OF UP TO RM3.1 BILLION (WITH A SUB-LIMIT OF RM1.0 BILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME) BY MALAYSIA AIRPORTS CAPITAL BERHAD ("MACB"), A WHOLLY-OWNED SUBSIDIARY OF MAHB ("PROPOSAL")
Contents: We refer to the announcement made on 5 August 2010 in relation to the Proposal.
CIMB Investment Bank Berhad, on behalf of the Company, wishes to announce that the Proposal is deemed approved by the Securities Commission, vide its letter dated 18 August 2010, pursuant to Section 212(5) of the Capital Market and Services Act, 2007.
This announcement is dated 19 August 2010.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name: AIRPORT
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB" OR THE "COMPANY")
PROPOSED OFFERING OF ISLAMIC COMMERCIAL PAPERS ("ICP") AND ISLAMIC MEDIUM TERM NOTES ("IMTN") PURSUANT TO AN ISLAMIC COMMERCIAL PAPER PROGRAMME ("ICP PROGRAMME") AND AN ISLAMIC MEDIUM TERM NOTE PROGRAMME ("IMTN PROGRAMME"), RESPECTIVELY WITH A COMBINED AGGREGATE NOMINAL VALUE OF UP TO RM3.1 BILLION (WITH A SUB-LIMIT OF RM1.0 BILLION IN NOMINAL VALUE FOR THE ICP PROGRAMME) BY MALAYSIA AIRPORTS CAPITAL BERHAD ("MACB"), A WHOLLY-OWNED SUBSIDIARY OF MAHB ("PROPOSAL")
Contents: We refer to the announcement made on 5 August 2010 in relation to the Proposal.
CIMB Investment Bank Berhad, on behalf of the Company, wishes to announce that the Proposal is deemed approved by the Securities Commission, vide its letter dated 18 August 2010, pursuant to Section 212(5) of the Capital Market and Services Act, 2007.
This announcement is dated 19 August 2010.
MEGB - MASTERSKILL EDUCATION GROUP BERHAD ("MEGB") Update on Material Litigation
Announcement Type: General Announcement
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB")
Update on Material Litigation
Contents: Further to MEGB's announcement dated 22 July 2010 pertaining to the material litigation on Masterskill (M) Sdn Bhd ("the Company") vs SAP Holdings Berhad ("the Defendant"), the Court has on 19 August 2010 vacated the date on 20 September 2010 which was fixed for case management in respect of the Company's summary judgement application.
The Court has fixed both applications for the Company's summary judgment application and the Defendant's application to strike out the Company's Writ of Summons and Statement of Claim dated 29 March 2010 for case management on 4 October 2010.
This announcement is dated 19th day of August 2010.
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB")
Update on Material Litigation
Contents: Further to MEGB's announcement dated 22 July 2010 pertaining to the material litigation on Masterskill (M) Sdn Bhd ("the Company") vs SAP Holdings Berhad ("the Defendant"), the Court has on 19 August 2010 vacated the date on 20 September 2010 which was fixed for case management in respect of the Company's summary judgement application.
The Court has fixed both applications for the Company's summary judgment application and the Defendant's application to strike out the Company's Writ of Summons and Statement of Claim dated 29 March 2010 for case management on 4 October 2010.
This announcement is dated 19th day of August 2010.
EONCAP - EON CAPITAL BERHAD ("EONCAP" OR THE "COMPANY")
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: EON CAPITAL BERHAD
Stock Name: EONCAP
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: EON CAPITAL BERHAD ("EONCAP" OR THE "COMPANY")
Contents: OFFER FROM HONG LEONG BANK BERHAD ("HLBB") TO ACQUIRE THE ENTIRE ASSETS AND LIABILITIES OF EONCAP ("OFFER")
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: EON CAPITAL BERHAD
Stock Name: EONCAP
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: EON CAPITAL BERHAD ("EONCAP" OR THE "COMPANY")
Contents: OFFER FROM HONG LEONG BANK BERHAD ("HLBB") TO ACQUIRE THE ENTIRE ASSETS AND LIABILITIES OF EONCAP ("OFFER")
HLBANK - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: HONG LEONG BANK BERHAD
Stock Name: HLBANK
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: HONG LEONG BANK BERHAD ("HLBB")
PROPOSED ACQUISITION OF THE ENTIRE ASSETS AND LIABILITIES OF EON CAPITAL BERHAD ("EON CAP") ("PROPOSED ACQUISITION")
Contents: -
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: HONG LEONG BANK BERHAD
Stock Name: HLBANK
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: HONG LEONG BANK BERHAD ("HLBB")
PROPOSED ACQUISITION OF THE ENTIRE ASSETS AND LIABILITIES OF EON CAPITAL BERHAD ("EON CAP") ("PROPOSED ACQUISITION")
Contents: -
GUNUNG - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: GUNUNG CAPITAL BERHAD
Stock Name: GUNUNG
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: GUNUNG CAPITAL BERHAD ("GUNUNG" OR "COMPANY")
- PROPOSED CAPITAL REDUCTION;
- PROPOSED ACQUISITION;
- PROPOSED RIGHTS ISSUE; AND
- PROPOSED M&A AMENDMENTS
(COLLECTIVELY, THE "PROPOSALS")
Contents: Reference is made to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of Gunung, MIMB Investment Bank Berhad is pleased to announce that the High Court of Malaya in Kuala Lumpur had, on 17 August 2010, pursuant to Section 64 of the Companies Act, 1965, granted an order confirming the Proposed Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Registrar of Companies for the Proposed Capital Reduction to take effect.
The effective date of the Proposed Capital Reduction will be announced in due course.
This announcement is dated 19 August 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: GUNUNG CAPITAL BERHAD
Stock Name: GUNUNG
Date Announced: 19/08/2010
Announcement Detail:
Type: Announcement
Subject: GUNUNG CAPITAL BERHAD ("GUNUNG" OR "COMPANY")
- PROPOSED CAPITAL REDUCTION;
- PROPOSED ACQUISITION;
- PROPOSED RIGHTS ISSUE; AND
- PROPOSED M&A AMENDMENTS
(COLLECTIVELY, THE "PROPOSALS")
Contents: Reference is made to the earlier announcements in relation to the Proposals.
On behalf of the Board of Directors of Gunung, MIMB Investment Bank Berhad is pleased to announce that the High Court of Malaya in Kuala Lumpur had, on 17 August 2010, pursuant to Section 64 of the Companies Act, 1965, granted an order confirming the Proposed Capital Reduction. The sealed order will be extracted and an office copy of the order will be lodged with the Registrar of Companies for the Proposed Capital Reduction to take effect.
The effective date of the Proposed Capital Reduction will be announced in due course.
This announcement is dated 19 August 2010.
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