IE - General Announcement
Announcement Type: General Announcement
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: INTELLIGENT EDGE TECHNOLOGIES BERHAD ("IE" or "the Company")
- EXTENSION OF TIME TO APPOINT A SPONSOR
Contents: Reference is made to the Announcement made by the Company on 27 July 2010 pertaining to the application of extension for time to appoint a sponsor. The Board of Directors of IE is pleased to announce that Bursa Malaysia Securities Berhad had via its letter dated 11 August 2010 granted the Company an extension of time up to 11 September 2010 to appoint a Sponsor.
This announcement is dated 11 August 2010.
Company Name: INTELLIGENT EDGE TECHNOLOGIES BERHAD (ACE Market)
Stock Name: IE
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: INTELLIGENT EDGE TECHNOLOGIES BERHAD ("IE" or "the Company")
- EXTENSION OF TIME TO APPOINT A SPONSOR
Contents: Reference is made to the Announcement made by the Company on 27 July 2010 pertaining to the application of extension for time to appoint a sponsor. The Board of Directors of IE is pleased to announce that Bursa Malaysia Securities Berhad had via its letter dated 11 August 2010 granted the Company an extension of time up to 11 September 2010 to appoint a Sponsor.
This announcement is dated 11 August 2010.
EFORCE - Bonus Issue
Announcement Type: Entitlements (Notice of Book Closure)
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: EXCEL FORCE MSC BERHAD (ACE Market)
Stock Name: EFORCE
Date Announced: 11/08/2010
Announcement Detail:
EX-date: 23/08/2010
Entitlement date: 25/08/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: Bonus issue of 68,922,700 new ordinary shares of RM0.10 each in Excel Force MSC Berhad ("EFMB" or the "Company") ("Bonus Shares") to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing ordinary shares of RM0.10 each held in the Company as at 5.00 p.m. on 25 August 2010 ("Entitlement Date")
Period of interest payment: to
Share transfer book & register of members will be: 25/08/2010 to 25/08/2010 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: 03 - 7841 8000
Fax: 03 - 7841 8152
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 25/08/2010
Entitlement indicator: Ratio
Ratio: 1 : 2
Remarks: In accordance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Bonus Shares will be listed and quoted on 26 August 2010, being one (1) market day after the Entitlement Date.
The Share Registrar of EFMB will issue and despatch the notices of allotment of the Bonus Shares to the entitled shareholders of EFMB latest on 2 September 2010, being within four (4) market days after the listing of and quotation for the Bonus Shares on the ACE Market of Bursa Securities.
This announcement is dated 11 August 2010.
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: EXCEL FORCE MSC BERHAD (ACE Market)
Stock Name: EFORCE
Date Announced: 11/08/2010
Announcement Detail:
EX-date: 23/08/2010
Entitlement date: 25/08/2010
Entitlement time: 05:00:00 PM
Entitlement subject: Bonus Issue
Entitlement description: Bonus issue of 68,922,700 new ordinary shares of RM0.10 each in Excel Force MSC Berhad ("EFMB" or the "Company") ("Bonus Shares") to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing ordinary shares of RM0.10 each held in the Company as at 5.00 p.m. on 25 August 2010 ("Entitlement Date")
Period of interest payment: to
Share transfer book & register of members will be: 25/08/2010 to 25/08/2010 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Block D13, Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Tel: 03 - 7841 8000
Fax: 03 - 7841 8152
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 25/08/2010
Entitlement indicator: Ratio
Ratio: 1 : 2
Remarks: In accordance with the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Bonus Shares will be listed and quoted on 26 August 2010, being one (1) market day after the Entitlement Date.
The Share Registrar of EFMB will issue and despatch the notices of allotment of the Bonus Shares to the entitled shareholders of EFMB latest on 2 September 2010, being within four (4) market days after the listing of and quotation for the Bonus Shares on the ACE Market of Bursa Securities.
This announcement is dated 11 August 2010.
HDISPLY - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 11/08/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Date of change: 11/08/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: DATO' PAHAMIN AB. RAJAB
Age: 64
Nationality: MALAYSIAN
Qualifications: B.A. (Hons) History majoring in International Relations from University of Malaya in 1970, Master of Arts (Public Policy and Administration) majoring in Economic Development from University of Wisconsin in 1978, a law degree (LLB) from University of London in 1990 and a post graduate Diploma in Shariah Law and Practice from the International Islamic University.
Working experience and occupation: He is an Advocate and Solicitor of the High Court of Malaya. He worked in several ministries and goverment agencies in Malaysia over a 30-year period, where he held various key positions including Director General of Road Transport Department at the Ministry of Transport from 1994 to 1998, Secretary-General of the Ministry of Domestic Trade and Consumer Affairs from 1998 to 2002.
Directorship of public companies (if any): 1) LNG Resources Berhad
2) SEG International Bhd
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: 10,000,000 ordinary shares in H-Display (MSC) Berhad (Direct)
Composition of Audit Committee (Name and Directorate of members after change): 1. Yeo Siang Cher - Audit Committee Chairman (Independent Non-Executive Director)
2. Dato' Sri Koh Kin Lip - Audit Committee Member (Non-Independent Non-Executive Director)
3. Dato' Pahamin Ab. Rajab - Audit Committee Member (Independent Non-Executive Director)
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 11/08/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Date of change: 11/08/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: DATO' PAHAMIN AB. RAJAB
Age: 64
Nationality: MALAYSIAN
Qualifications: B.A. (Hons) History majoring in International Relations from University of Malaya in 1970, Master of Arts (Public Policy and Administration) majoring in Economic Development from University of Wisconsin in 1978, a law degree (LLB) from University of London in 1990 and a post graduate Diploma in Shariah Law and Practice from the International Islamic University.
Working experience and occupation: He is an Advocate and Solicitor of the High Court of Malaya. He worked in several ministries and goverment agencies in Malaysia over a 30-year period, where he held various key positions including Director General of Road Transport Department at the Ministry of Transport from 1994 to 1998, Secretary-General of the Ministry of Domestic Trade and Consumer Affairs from 1998 to 2002.
Directorship of public companies (if any): 1) LNG Resources Berhad
2) SEG International Bhd
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: 10,000,000 ordinary shares in H-Display (MSC) Berhad (Direct)
Composition of Audit Committee (Name and Directorate of members after change): 1. Yeo Siang Cher - Audit Committee Chairman (Independent Non-Executive Director)
2. Dato' Sri Koh Kin Lip - Audit Committee Member (Non-Independent Non-Executive Director)
3. Dato' Pahamin Ab. Rajab - Audit Committee Member (Independent Non-Executive Director)
HDISPLY - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 11/08/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Date of change: 11/08/2010
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: YEO SIANG CHER
Age: 52
Nationality: MALAYSIAN
Qualifications: Member of the Institute of Certified Public Accountants of Singapore (ICPAS)
Fellow member of the Chartered Institute of Management Accountants, UK (CIMA)
Working experience and occupation: Present - Chief Financial Officer in Perfect Earth Management Pte Ltd.
2007-2009, Chief Financial Officer in Hevecam S.A. (Cameroon, Africa), Subsidiary of GMG Global Ltd.
2005-2007, Group Financial Controller in Broadway Industrial Group Limited.
2004-2005, Chief Financial Officer in Yongnam Holdings Ltd.
2000-2003, Director - Finance in Silicon Manufacturing, Partners.
1998-2000, Manager/ Partner in Anthony J Twohill & Co, CPA Singapore.
1985-1998, Senior Manager/ Controller in Advanced Micro Devices (S) Pte Ltd.
1983-1985, Accountant in National Semiconductors (Seremban) Sdn Bhd.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Yeo Siang Cher - Audit Committee Chairman (Independent Non-Executive Director)
2. Dato' Sri Koh Kin Lip - Audit Committee Member (Non-Independent Non-Executive Director)
3. Dato' Pahamin Ab. Rajab - Audit Committee Member (Independent Non-Executive Director)
Company Name: H-DISPLAYS (MSC) BERHAD (ACE Market)
Stock Name: HDISPLY
Date Announced: 11/08/2010
Announcement Detail:
Admission Sponsor: Public Investment Bank Bhd
Sponsor: MIMB Investment Bank Bhd
Date of change: 11/08/2010
Type of change: Appointment
Designation: Chairman of Audit Committee
Directorate: Independent & Non Executive
Name: YEO SIANG CHER
Age: 52
Nationality: MALAYSIAN
Qualifications: Member of the Institute of Certified Public Accountants of Singapore (ICPAS)
Fellow member of the Chartered Institute of Management Accountants, UK (CIMA)
Working experience and occupation: Present - Chief Financial Officer in Perfect Earth Management Pte Ltd.
2007-2009, Chief Financial Officer in Hevecam S.A. (Cameroon, Africa), Subsidiary of GMG Global Ltd.
2005-2007, Group Financial Controller in Broadway Industrial Group Limited.
2004-2005, Chief Financial Officer in Yongnam Holdings Ltd.
2000-2003, Director - Finance in Silicon Manufacturing, Partners.
1998-2000, Manager/ Partner in Anthony J Twohill & Co, CPA Singapore.
1985-1998, Senior Manager/ Controller in Advanced Micro Devices (S) Pte Ltd.
1983-1985, Accountant in National Semiconductors (Seremban) Sdn Bhd.
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
Composition of Audit Committee (Name and Directorate of members after change): 1. Yeo Siang Cher - Audit Committee Chairman (Independent Non-Executive Director)
2. Dato' Sri Koh Kin Lip - Audit Committee Member (Non-Independent Non-Executive Director)
3. Dato' Pahamin Ab. Rajab - Audit Committee Member (Independent Non-Executive Director)
SDRED - SELANGOR DREDGING BERHAD ("THE COMPANY") - DEALING IN SECURITIES DURING CLOSED PERIOD
Announcement Type: General Announcement
Company Name: SELANGOR DREDGING BERHAD
Stock Name: SDRED
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: SELANGOR DREDGING BERHAD ("THE COMPANY")
- DEALING IN SECURITIES DURING CLOSED PERIOD
Contents: This is to notify that the Company has received notification from Ms Teh Lip Kim, the director of the Company of her dealing in securities of the Company as per table below.
This announcement is dated 11 August 2010.
Company Name: SELANGOR DREDGING BERHAD
Stock Name: SDRED
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: SELANGOR DREDGING BERHAD ("THE COMPANY")
- DEALING IN SECURITIES DURING CLOSED PERIOD
Contents: This is to notify that the Company has received notification from Ms Teh Lip Kim, the director of the Company of her dealing in securities of the Company as per table below.
This announcement is dated 11 August 2010.
BSTEAD - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: BOUSTEAD HOLDINGS BERHAD ("BHB")
PROPOSED ACQUISITION OF EQUITY INTEREST IN PHARMANIAGA BERHAD ("PHARMANIAGA") ("PROPOSED ACQUISITION")
Contents: -
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: BOUSTEAD HOLDINGS BERHAD
Stock Name: BSTEAD
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: BOUSTEAD HOLDINGS BERHAD ("BHB")
PROPOSED ACQUISITION OF EQUITY INTEREST IN PHARMANIAGA BERHAD ("PHARMANIAGA") ("PROPOSED ACQUISITION")
Contents: -
KEURO - PUBLIC REPRIMAND ON KUMPULAN EUROPLUS BERHAD
Announcement Type: Listing Circular
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 11/08/2010
Announcement Detail:
Subject: PUBLIC REPRIMAND ON KUMPULAN EUROPLUS BERHAD
Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Kumpulan Europlus Berhad ("KEURO" or "the Company") for breaches of paragraphs 10.04(1) and paragraph 10.06(1) read together with paragraph 1.03(1) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR").
Paragraph 10.04(1) of the LR states that for a transaction where any one of the percentage ratios is equal to or exceeds 5%, as soon as possible after terms of the transaction have been agreed, the listed issuer must make an immediate announcement to the Exchange of such transaction which announcement shall include the information set out in Appendix 10A of the LR.
Paragraph 10.06(1) of the LR states that for a transaction where any one of the percentage ratios is equal to or exceeds 25%, in addition to the requirements of paragraph 10.04, the listed issuer must obtain the approval of its shareholders in general meeting of the transaction and ensure that the circular to the shareholders includes the information set out in Appendix 10B of the LR.
Paragraph 1.03(1) of the LR states that where a transaction entered into or proposed to be entered into by a listed issuer or any other action or proposal of a listed issuer is specified in these Requirements as one which requires securities holders' approval, such approval must be obtained prior to the transaction, action or proposal being completed.
The Company had disposed 3,000,000 Talam Corporation Berhad's ("TALAM") ordinary shares of RM0.60 each (before shares splitting on 16 February 2009) on 10 February 2009 and 166,398,800 TALAM's ordinary shares of RM0.20 each, between 17 February 2009 and 25 June 2009 for net proceeds of RM15,885,799.37 (collectively referred to as "the Disposal").
The percentage ratio of the Disposal represented 29.97% of the Company's net assets as at 31 January 2009.
However, the announcement on the Disposal was only made by the Company on 17 July 2009 and the Company only obtained the shareholder's ratification after the Disposal at the Company's Extraordinary General Meeting on 4 November 2009.
The above penalty on KEURO is imposed pursuant to paragraph 16.17(1) of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the fact that the Company had previously breached the LR.
Bursa Securities views the above contravention seriously and reminds KEURO and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public. In this respect, the Company and its directors are also required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the LR at all times.
Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breaches by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others an awareness of the importance of compliance with the LR. The Board of Directors of the Company at the material time are as follows:-
Tan Sri Dato' (Dr.) Ir. Chan Ah Chye @ Chan Chong Yoon Puan Sri Datin Thong Nyok Choo Tan Sri Dato' Hj Lamin bin Hj Mohd Yunus Dato' Seri Abdul Azim bin Mohd Zabidi U Chin Wei Chee Heng Tong Dato' Abdul Hamid Bin Mustapha Datuk Oh Chong Peng Dato' Goh Chye Koon Loy Boon Chen
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 11/08/2010
Announcement Detail:
Subject: PUBLIC REPRIMAND ON KUMPULAN EUROPLUS BERHAD
Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands Kumpulan Europlus Berhad ("KEURO" or "the Company") for breaches of paragraphs 10.04(1) and paragraph 10.06(1) read together with paragraph 1.03(1) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR").
Paragraph 10.04(1) of the LR states that for a transaction where any one of the percentage ratios is equal to or exceeds 5%, as soon as possible after terms of the transaction have been agreed, the listed issuer must make an immediate announcement to the Exchange of such transaction which announcement shall include the information set out in Appendix 10A of the LR.
Paragraph 10.06(1) of the LR states that for a transaction where any one of the percentage ratios is equal to or exceeds 25%, in addition to the requirements of paragraph 10.04, the listed issuer must obtain the approval of its shareholders in general meeting of the transaction and ensure that the circular to the shareholders includes the information set out in Appendix 10B of the LR.
Paragraph 1.03(1) of the LR states that where a transaction entered into or proposed to be entered into by a listed issuer or any other action or proposal of a listed issuer is specified in these Requirements as one which requires securities holders' approval, such approval must be obtained prior to the transaction, action or proposal being completed.
The Company had disposed 3,000,000 Talam Corporation Berhad's ("TALAM") ordinary shares of RM0.60 each (before shares splitting on 16 February 2009) on 10 February 2009 and 166,398,800 TALAM's ordinary shares of RM0.20 each, between 17 February 2009 and 25 June 2009 for net proceeds of RM15,885,799.37 (collectively referred to as "the Disposal").
The percentage ratio of the Disposal represented 29.97% of the Company's net assets as at 31 January 2009.
However, the announcement on the Disposal was only made by the Company on 17 July 2009 and the Company only obtained the shareholder's ratification after the Disposal at the Company's Extraordinary General Meeting on 4 November 2009.
The above penalty on KEURO is imposed pursuant to paragraph 16.17(1) of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including the fact that the Company had previously breached the LR.
Bursa Securities views the above contravention seriously and reminds KEURO and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to its shareholders and the investing public. In this respect, the Company and its directors are also required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the LR at all times.
Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breaches by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others an awareness of the importance of compliance with the LR. The Board of Directors of the Company at the material time are as follows:-
Tan Sri Dato' (Dr.) Ir. Chan Ah Chye @ Chan Chong Yoon Puan Sri Datin Thong Nyok Choo Tan Sri Dato' Hj Lamin bin Hj Mohd Yunus Dato' Seri Abdul Azim bin Mohd Zabidi U Chin Wei Chee Heng Tong Dato' Abdul Hamid Bin Mustapha Datuk Oh Chong Peng Dato' Goh Chye Koon Loy Boon Chen
LIONIND - Dealings in Securities by Principal Officers during Closed Period
Announcement Type: General Announcement
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers during Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the principal officers of the Company have dealt in the securities of the Company as set out in Table 1 and Table 2 hereunder.
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers during Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the principal officers of the Company have dealt in the securities of the Company as set out in Table 1 and Table 2 hereunder.
EIG - ESTHETICS INTERNATIONAL GROUP BERHAD Distributorship Agreement on Dermalogica for Southern China
Announcement Type: General Announcement
Company Name: ESTHETICS INTERNATIONAL GROUP BERHAD
Stock Name: EIG
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: ESTHETICS INTERNATIONAL GROUP BERHAD
Distributorship Agreement on Dermalogica for Southern China
Contents: Esthetics International Group Berhad ("EIG" or "the Company") is pleased to announce that its wholly owned subsidiary, EIG Global (China) Co Ltd ("EIG China") has signed a Distributorship Agreement (the "Agreement") with Dermalogica, Inc. on 11 August 2010.
The Agreement grants to EIG China the exclusive rights to distribute Dermalogica products in southern China for the eight (8) provinces of Guangdong, Fujian, Guangxi, Hainan, Hunan, Jiangxi, Yunnan and Guizhou. The term of the Agreement is for a period of three (3) years.
With the signing of the Agreement, EIG plans to enhance its market position in the distribution of professional skincare products via Dermalogica into a new and potentially lucrative market in southern China.
The Directors of EIG, having considered all relevant factors, is of the view that it is in the interest of EIG to enter into the Agreement.
The signing of the Agreement will not have any effect on the share capital and substantial shareholdings structure of EIG. With focused and prudent sales and marketing effort and barring unforeseen circumstances, the above exclusive distributorship is expected to contribute positively to the future profits, earnings per share and net assets of the EIG Group.
None of the Directors of the Company, substantial shareholders and/or persons connected to them has any interest, direct or indirect in the above transaction.
This announcement is dated 11 August 2010.
Company Name: ESTHETICS INTERNATIONAL GROUP BERHAD
Stock Name: EIG
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: ESTHETICS INTERNATIONAL GROUP BERHAD
Distributorship Agreement on Dermalogica for Southern China
Contents: Esthetics International Group Berhad ("EIG" or "the Company") is pleased to announce that its wholly owned subsidiary, EIG Global (China) Co Ltd ("EIG China") has signed a Distributorship Agreement (the "Agreement") with Dermalogica, Inc. on 11 August 2010.
The Agreement grants to EIG China the exclusive rights to distribute Dermalogica products in southern China for the eight (8) provinces of Guangdong, Fujian, Guangxi, Hainan, Hunan, Jiangxi, Yunnan and Guizhou. The term of the Agreement is for a period of three (3) years.
With the signing of the Agreement, EIG plans to enhance its market position in the distribution of professional skincare products via Dermalogica into a new and potentially lucrative market in southern China.
The Directors of EIG, having considered all relevant factors, is of the view that it is in the interest of EIG to enter into the Agreement.
The signing of the Agreement will not have any effect on the share capital and substantial shareholdings structure of EIG. With focused and prudent sales and marketing effort and barring unforeseen circumstances, the above exclusive distributorship is expected to contribute positively to the future profits, earnings per share and net assets of the EIG Group.
None of the Directors of the Company, substantial shareholders and/or persons connected to them has any interest, direct or indirect in the above transaction.
This announcement is dated 11 August 2010.
MEGB - General Announcement
Announcement Type: General Announcement
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB" OR "THE COMPANY")
Proposed Acquisition of Properties by Masterskill (M) Sdn Bhd, a wholly-owned subsidiary of MEGB
Contents: Reference is made to our announcement dated 19 July 2010 and our reply to query of Bursa Malaysia Securities Berhad dated 22 July 2010 in respect of the above subject matter.
MEGB wishes to announce that Masterskill and the Vendor have today entered into a Supplemental Agreement ("Supplemental Agreement") to amend typographical errors in the Fifth Schedule to the Sale and Purchase Agreement ("Agreement") executed on 19 July 2010. The amended Fifth Schedule attached as Appendix I to the Supplemental Agreement is attached for reference.
Masterskill and the Vendor further agreed that all other terms and conditions of the Agreement shall remain unchanged and continue to be binding and in full force and effect between Masterskill and the Vendor.
The Supplemental Agreement is available for inspection at the registered office at 25-5, Block H, Jalan PJU 1/37, Dataran Prima, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours for a period of three (3) months from the date of this announcement.
The terms used in this announcement shall have the same meaning ascribed to them as set out in the announcement dated 19 July 2010.
This announcement is dated 11th day of August 2010.
Attachments: Appendix I.pdf
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 11/08/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB" OR "THE COMPANY")
Proposed Acquisition of Properties by Masterskill (M) Sdn Bhd, a wholly-owned subsidiary of MEGB
Contents: Reference is made to our announcement dated 19 July 2010 and our reply to query of Bursa Malaysia Securities Berhad dated 22 July 2010 in respect of the above subject matter.
MEGB wishes to announce that Masterskill and the Vendor have today entered into a Supplemental Agreement ("Supplemental Agreement") to amend typographical errors in the Fifth Schedule to the Sale and Purchase Agreement ("Agreement") executed on 19 July 2010. The amended Fifth Schedule attached as Appendix I to the Supplemental Agreement is attached for reference.
Masterskill and the Vendor further agreed that all other terms and conditions of the Agreement shall remain unchanged and continue to be binding and in full force and effect between Masterskill and the Vendor.
The Supplemental Agreement is available for inspection at the registered office at 25-5, Block H, Jalan PJU 1/37, Dataran Prima, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours for a period of three (3) months from the date of this announcement.
The terms used in this announcement shall have the same meaning ascribed to them as set out in the announcement dated 19 July 2010.
This announcement is dated 11th day of August 2010.
Attachments: Appendix I.pdf
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