DIGISTA - Secured of Orders Amounting to RM10.6 Million
Announcement Type: General Announcement
Company Name: DIGISTAR CORPORATION BERHAD (ACE Market)
Stock Name: DIGISTA
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: Secured of Orders Amounting to RM10.6 Million
Contents: INTRODUCTION
The Board of Directors of Digistar Corporation Berhad ("Digistar" or "Company") is pleased to announce that its wholly-owned subsidiary, Digistar Holdings Sdn Bhd ("DHSB") has secured new orders from its existing and new clients amounting to approximately RM10.6 Million for the supply and integration of various audio-visual system, security system, extra-low-voltage system and hospital communication system.
FINANCIAL EFFECTS
These orders will not have any material effect on Digistar Group's Net Asset for the financial year ending 30 September 2010 and is expected to contribute positively to the future earnings of Digistar Group for the financial year ending 30 September 2010 and 30 September 2011. These orders will be funded by internally generated funds and banks borrowings. The increase in the Company's gearing will depend on the amount of financing required over the tenure of these orders and is temporary in nature, which would reduce accordingly upon their completion.
RISK FACTORS
Risk factors affecting the orders include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such orders. As such, the management believes that the Company is able to mitigate the abovementioned risk factors.
APPROVAL(S) REQUIRED
The acceptance of these orders is not subject to the approval of the shareholders of the Company or any government authorities.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in these orders.
DIRECTORS' STATEMENT
The Board of Directors of Digistar is of the opinion that these orders are in the ordinary course of business and the acceptance of these orders is in the best interest of the Company.
This announcement is dated 2 August 2010.
Company Name: DIGISTAR CORPORATION BERHAD (ACE Market)
Stock Name: DIGISTA
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: Secured of Orders Amounting to RM10.6 Million
Contents: INTRODUCTION
The Board of Directors of Digistar Corporation Berhad ("Digistar" or "Company") is pleased to announce that its wholly-owned subsidiary, Digistar Holdings Sdn Bhd ("DHSB") has secured new orders from its existing and new clients amounting to approximately RM10.6 Million for the supply and integration of various audio-visual system, security system, extra-low-voltage system and hospital communication system.
FINANCIAL EFFECTS
These orders will not have any material effect on Digistar Group's Net Asset for the financial year ending 30 September 2010 and is expected to contribute positively to the future earnings of Digistar Group for the financial year ending 30 September 2010 and 30 September 2011. These orders will be funded by internally generated funds and banks borrowings. The increase in the Company's gearing will depend on the amount of financing required over the tenure of these orders and is temporary in nature, which would reduce accordingly upon their completion.
RISK FACTORS
Risk factors affecting the orders include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such orders. As such, the management believes that the Company is able to mitigate the abovementioned risk factors.
APPROVAL(S) REQUIRED
The acceptance of these orders is not subject to the approval of the shareholders of the Company or any government authorities.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in these orders.
DIRECTORS' STATEMENT
The Board of Directors of Digistar is of the opinion that these orders are in the ordinary course of business and the acceptance of these orders is in the best interest of the Company.
This announcement is dated 2 August 2010.
MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 02/08/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO GUIDANCE NOTE 3 ("GN 3") OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 July 2010, the Board of Directors of Memstech wishes to announce that the Kuala Lumpur High Court ("High Court") had on 30 July 2010 granted an extension of the restraining order for a period of 90 days effective from 30 July 2010 to Memstech and its subsidiaries.
In addition, the Company has also obtained an extension of time until 19 October 2010 from the High Court to convene meetings with its creditors and members in relation to the regularisation plan.
The Company is currently working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This announcement is dated 2 August 2010.
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 02/08/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO GUIDANCE NOTE 3 ("GN 3") OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 July 2010, the Board of Directors of Memstech wishes to announce that the Kuala Lumpur High Court ("High Court") had on 30 July 2010 granted an extension of the restraining order for a period of 90 days effective from 30 July 2010 to Memstech and its subsidiaries.
In addition, the Company has also obtained an extension of time until 19 October 2010 from the High Court to convene meetings with its creditors and members in relation to the regularisation plan.
The Company is currently working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This announcement is dated 2 August 2010.
MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 02/08/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 5 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 July 2010, the Board of Directors of Memstech wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 31 July 2010, as set out in Table 1 of the Appendix of this Announcement.
The Company is working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This Announcement is dated 2 August 2010.
Attachments: Appendix - Table 1 aug 2010.doc
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 02/08/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 5 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 July 2010, the Board of Directors of Memstech wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 31 July 2010, as set out in Table 1 of the Appendix of this Announcement.
The Company is working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This Announcement is dated 2 August 2010.
Attachments: Appendix - Table 1 aug 2010.doc
DISTECH - General Announcement
Announcement Type: General Announcement
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARIZE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcements made by the Company on 7 April 2010, 3 May 2010, 1 June 2010, 1 July 2010 and in compliance with paragraph(b) of GN3 of the AMLR, the Board of Directors of DIST its obligations under paragraph 4.1(a)(iv) of GN3 wish to announce that:-
Ongoing efforts are being made by the Company for appointment of a sponsor for the Company.
Pursuant to Rule 8.04 (3)(a)(ii) of AMLR and Paragraph 4.1(b) of GN3, the last day for appointment of a sponsor is due on 6 July 2010 and DIST had on 6 July 2010 announced that DIST is still unable to appoint a sponsor for the Company despite continuous efforts made as required.
Pursuant to Paragraph 4.1(b) of GN3, the last day for submission of a regularization plan by the Company to Bursa is due on 6 April 2011.
This announcement is dated 2 August 2010.
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARIZE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcements made by the Company on 7 April 2010, 3 May 2010, 1 June 2010, 1 July 2010 and in compliance with paragraph(b) of GN3 of the AMLR, the Board of Directors of DIST its obligations under paragraph 4.1(a)(iv) of GN3 wish to announce that:-
Ongoing efforts are being made by the Company for appointment of a sponsor for the Company.
Pursuant to Rule 8.04 (3)(a)(ii) of AMLR and Paragraph 4.1(b) of GN3, the last day for appointment of a sponsor is due on 6 July 2010 and DIST had on 6 July 2010 announced that DIST is still unable to appoint a sponsor for the Company despite continuous efforts made as required.
Pursuant to Paragraph 4.1(b) of GN3, the last day for submission of a regularization plan by the Company to Bursa is due on 6 April 2011.
This announcement is dated 2 August 2010.
DISTECH - General Announcement
Announcement Type: General Announcement
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF ITS DEFAULT PAYMENT PURSUANT TO GUIDANCE NOTE 5 ("GN5") OF ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: Reference is made to the announcements dated 6 April 2010, 3 May 2010, 1 June 2010 and 1 July 2010 pursuant to its default status as per Guidance Note 5 ("GN5") of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.
Pursuant to Paragraph 3.2(a) of GN5, the Board of Directors of DIST wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 31 July 2010, as set out in Table 1 of the Appendix of this Announcement.
Save as disclosed above, there were no other material developments on the status of default since the announcements made on 6 April 2010, 3 May 2010, 1 June 2010 and 1 July 2010.
This announcement is dated 2 August 2010.
Attachments: overdue banking facilities 020810.xls
Company Name: DIS TECHNOLOGY HOLDINGS BERHAD (ACE Market)
Stock Name: DISTECH
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: DIS TECHNOLOGY HOLDINGS BERHAD ("DIST" OR "COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF ITS DEFAULT PAYMENT PURSUANT TO GUIDANCE NOTE 5 ("GN5") OF ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Contents: Reference is made to the announcements dated 6 April 2010, 3 May 2010, 1 June 2010 and 1 July 2010 pursuant to its default status as per Guidance Note 5 ("GN5") of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad.
Pursuant to Paragraph 3.2(a) of GN5, the Board of Directors of DIST wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 31 July 2010, as set out in Table 1 of the Appendix of this Announcement.
Save as disclosed above, there were no other material developments on the status of default since the announcements made on 6 April 2010, 3 May 2010, 1 June 2010 and 1 July 2010.
This announcement is dated 2 August 2010.
Attachments: overdue banking facilities 020810.xls
EFORCE - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: EXCEL FORCE MSC BERHAD (ACE Market)
Stock Name: EFORCE
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: Excel Force MSC Berhad ("EFMB" or "Company")
Announcement in relation to the following:
PROPOSED BONUS ISSUE OF 68,922,700 NEW ORDINARY SHARES OF RM0.10 EACH IN EFMB ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN EFMB ("EFMB SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Contents: (All the abbreviations used in this announcement are as defined in the previous announcement dated 27 May 2010.)
We refer to the announcement dated 27 May 2010 in respect of the Proposed Bonus Issue.
On behalf of the Board of Directors of EFMB, Public Investment Bank Berhad ("PIVB") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had via its letter dated 2 August 2010, approved the listing of and quotation for 68,922,700 new EFMB Shares to be issued pursuant to the Proposed Bonus Issue, subject to the following conditions:
(i) EFMB and its adviser must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("ACE LR") pertaining to the implementation of the Proposed Bonus Issue;
(ii) EFMB and its adviser to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) EFMB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue is completed; and
(iv) EFMB and its adviser are required to make the relevant announcements pursuant to Rules 6.36(2)(a) & (b) and 6.36(4) of the ACE LR.
This announcement is dated 2 August 2010.
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: EXCEL FORCE MSC BERHAD (ACE Market)
Stock Name: EFORCE
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: Excel Force MSC Berhad ("EFMB" or "Company")
Announcement in relation to the following:
PROPOSED BONUS ISSUE OF 68,922,700 NEW ORDINARY SHARES OF RM0.10 EACH IN EFMB ("BONUS SHARES") ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY TWO (2) EXISTING ORDINARY SHARES OF RM0.10 EACH HELD IN EFMB ("EFMB SHARES") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Contents: (All the abbreviations used in this announcement are as defined in the previous announcement dated 27 May 2010.)
We refer to the announcement dated 27 May 2010 in respect of the Proposed Bonus Issue.
On behalf of the Board of Directors of EFMB, Public Investment Bank Berhad ("PIVB") is pleased to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had via its letter dated 2 August 2010, approved the listing of and quotation for 68,922,700 new EFMB Shares to be issued pursuant to the Proposed Bonus Issue, subject to the following conditions:
(i) EFMB and its adviser must fully comply with the relevant provisions under the ACE Market Listing Requirements of Bursa Securities ("ACE LR") pertaining to the implementation of the Proposed Bonus Issue;
(ii) EFMB and its adviser to inform Bursa Securities upon the completion of the Proposed Bonus Issue;
(iii) EFMB to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities' approval once the Proposed Bonus Issue is completed; and
(iv) EFMB and its adviser are required to make the relevant announcements pursuant to Rules 6.36(2)(a) & (b) and 6.36(4) of the ACE LR.
This announcement is dated 2 August 2010.
KANNAL - General Announcement
Announcement Type: General Announcement
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcement made by Kannaltec Berhad ("the Company") on 17th May 2010, 1st June 2010 and 1st July 2010 in compliance with paragraph 3.0 and 4.0 of GN3 and 3.2 of GN5 of the AMLR, the Board of Directors of Kannaltec Berhad wishes to announce that the Company is still in the process of evaluating various options to meet its obligations under GN3 and GN5.
Pursuant to Rule 8.04 of the AMLR, the last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 17th May 2011.
This announcement is dated 2nd August 2010.
Company Name: KANNALTEC BERHAD (ACE Market)
Stock Name: KANNAL
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITION PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Further to the announcement made by Kannaltec Berhad ("the Company") on 17th May 2010, 1st June 2010 and 1st July 2010 in compliance with paragraph 3.0 and 4.0 of GN3 and 3.2 of GN5 of the AMLR, the Board of Directors of Kannaltec Berhad wishes to announce that the Company is still in the process of evaluating various options to meet its obligations under GN3 and GN5.
Pursuant to Rule 8.04 of the AMLR, the last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 17th May 2011.
This announcement is dated 2nd August 2010.
CARLAW - General Announcement
Announcement Type: General Announcement
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 02/08/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: HDM-CARLAW CORPORATION BERHAD ("HDM" or "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Reference is made to the announcement made by the Company on 1 July 2010.
In compliance with paragraph 4.1(b) of GN3 and 3.2(a) of GN5 of the AMLR, the Board wishes to announce that that the Company is still in the process of finalising its regularisation plan to meet its obligations under GN3 and GN5. Barring any unforeseen circumstances, the Company expects to submit the aforementioned regularisation plan to the relevant authorities within the month of August 2010.
The last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 3 September 2010 (which is approximately 1 month from the date of this announcement).
Save as disclosed above, there were no other material developments on the status of default save for those that have been publicly announced.
This announcement is dated 2nd August 2010.
Company Name: HDM-CARLAW CORPORATION BERHAD (ACE Market)
Stock Name: CARLAW
Date Announced: 02/08/2010
Announcement Detail:
Regularisation Sponsor: M&A Securities Sdn Bhd
Sponsor: Same as above
Type: Announcement
Subject: HDM-CARLAW CORPORATION BERHAD ("HDM" or "COMPANY")
MONTHLY ANNOUNCEMENT ON THE STATUS OF PLAN TO REGULARISE FINANCIAL CONDITIONS PURSUANT TO GUIDANCE NOTE 3 ("GN3") AND GUIDANCE NOTE 5 ("GN5") OF BURSA MALAYSIA SECURITIES BERHAD ACE MARKET LISTING REQUIREMENTS ("AMLR")
Contents: Reference is made to the announcement made by the Company on 1 July 2010.
In compliance with paragraph 4.1(b) of GN3 and 3.2(a) of GN5 of the AMLR, the Board wishes to announce that that the Company is still in the process of finalising its regularisation plan to meet its obligations under GN3 and GN5. Barring any unforeseen circumstances, the Company expects to submit the aforementioned regularisation plan to the relevant authorities within the month of August 2010.
The last day for submission of a regularisation plan by the Company to the relevant approving authorities shall fall on 3 September 2010 (which is approximately 1 month from the date of this announcement).
Save as disclosed above, there were no other material developments on the status of default save for those that have been publicly announced.
This announcement is dated 2nd August 2010.
SCN - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: (A) PROPOSED SHARE EXCHANGE;
(B) PROPOSED TRANSFER;
(C) PROPOSED ESOS; AND
(D) PROPOSED SHARE BUY-BACK;
(HEREINAFTER COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: We refer to the announcements dated 8 October 2009, 6 November 2009, 5 January 2010 and 12 January 2010 in relation to the Proposals.
On behalf of the Board of Directors of SCAN Associates Berhad ("SCAN" or the "Company"), MIMB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated 2 August 2010, resolved to reject the Company's application in relation to the Proposed Share Exchange and Proposed Transfer on the ground that the said proposals do not demonstrate a clear benefit to the shareholders of SCAN.
This announcement is dated 2 August 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: SCAN ASSOCIATES BERHAD (ACE Market)
Stock Name: SCN
Date Announced: 02/08/2010
Announcement Detail:
Type: Announcement
Subject: (A) PROPOSED SHARE EXCHANGE;
(B) PROPOSED TRANSFER;
(C) PROPOSED ESOS; AND
(D) PROPOSED SHARE BUY-BACK;
(HEREINAFTER COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: We refer to the announcements dated 8 October 2009, 6 November 2009, 5 January 2010 and 12 January 2010 in relation to the Proposals.
On behalf of the Board of Directors of SCAN Associates Berhad ("SCAN" or the "Company"), MIMB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated 2 August 2010, resolved to reject the Company's application in relation to the Proposed Share Exchange and Proposed Transfer on the ground that the said proposals do not demonstrate a clear benefit to the shareholders of SCAN.
This announcement is dated 2 August 2010.
BOLTON - Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Announcement Type: Notice of Resale/Cancellation of Treasury Shares - Immediate Announcement
Company Name: BOLTON BERHAD
Stock Name: BOLTON
Date Announced: 02/08/2010
Announcement Detail:
Date of transaction: 02/08/2010
Currency: Malaysian Ringgit (MYR)
Total number of treasury shares sold (units): 600,000
Minimum price paid for each share sold ($$): 1.040
Maximum price paid for each share sold ($$): 1.060
Total amount received for treasury shares sold ($$): 630,292.48
Cumulative net outstanding treasury shares as at to-date (units): 31,161,300
Remarks: This announcement is dated 2 August 2010.
Company Name: BOLTON BERHAD
Stock Name: BOLTON
Date Announced: 02/08/2010
Announcement Detail:
Date of transaction: 02/08/2010
Currency: Malaysian Ringgit (MYR)
Total number of treasury shares sold (units): 600,000
Minimum price paid for each share sold ($$): 1.040
Maximum price paid for each share sold ($$): 1.060
Total amount received for treasury shares sold ($$): 630,292.48
Cumulative net outstanding treasury shares as at to-date (units): 31,161,300
Remarks: This announcement is dated 2 August 2010.
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