August 23, 2010

Company announcements: KONSORT, INNO, FOUTAIN, KASSETS, PUNCAK, AXIATA-CD, SUBUR, LATEXX

KONSORT - General Announcement

Announcement Type: General Announcement
Company Name: KONSORTIUM LOGISTIK BERHAD
Stock Name: KONSORT
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: KONSORTIUM LOGISTIK BERHAD ("KONSORTIUM" OR "THE COMPANY")
- NOTIFICATION OF DEALINGS IN SECURITIES BY DIRECTOR OUTSIDE CLOSED PERIOD

Contents: We wish to announce that Mr. Loo Hooi Keat, a Director of the Company, has on 23 August 2010 informed the Company of his dealing in the securities of the Company as per the table below.


INNO - OUTSTANDING RELATED PARTY RECEIVABLES

Announcement Type: General Announcement
Company Name: INNOPRISE PLANTATIONS BERHAD
Stock Name: INNO
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: OUTSTANDING RELATED PARTY RECEIVABLES

Contents: Status of Related Party Receivables


FOUTAIN - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: FOUNTAIN VIEW DEVELOPMENT BERHAD
Stock Name: FOUTAIN
Date Announced: 23/08/2010

Announcement Detail:
Date of change: 23/08/2010

Type of change: Resignation

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: Dato' Sri Md Kamal Bin Bilal

Age: 49

Nationality: Malaysian

Qualifications: N/A

Working experience and occupation: N/A

Directorship of public companies (if any): The Store Corporation Berhad
Borneo Aqua Harvest Berhad
KBB Resources Berhad

Family relationship with any director and/or major shareholder of the listed issuer: N/A

Any conflict of interests that he/she has with the listed issuer: N/A

Details of any interest in the securities of the listed issuer or its subsidiaries: N/A

Composition of Audit Committee (Name and Directorate of members after change): Tiew Chai Beng - Audit Committee Chairman
Loh Yoon Wah - Member


KASSETS - Quarterly rpt on consolidated results for the financial period ended 30/6/2010

Announcement Type: Financial Results
Company Name: KRISASSETS HOLDINGS BERHAD
Stock Name: KASSETS
Date Announced: 23/08/2010

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)


KASSETS - KrisAssets Holdings Berhad ("KrisAssets" or "the Company") - Revaluation of Mid Valley Megamall

Announcement Type: General Announcement
Company Name: KRISASSETS HOLDINGS BERHAD
Stock Name: KASSETS
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: KrisAssets Holdings Berhad ("KrisAssets" or "the Company")
- Revaluation of Mid Valley Megamall

Contents: The Board of Directors of KrisAssets Holdings Berhad ("KrisAssets") is pleased to announce a revaluation of Mid Valley Megamall owned by Mid Valley City Sdn Bhd (a wholly-owned subsidiary of KrisAssets) pursuant to paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

A revaluation has been conducted by professional valuers, Colliers, Jordan Lee & Jaafar Sdn Bhd ("Valuers") on Mid Valley Megamall held under title No. PN 37075, Lot 80, Section 95A Town and District of Kuala Lumpur to assess its current market value.

It is KrisAssets group's accounting policy to carry its investment properties at fair value in line with Financial Reporting Standard 140 "Investment Properties". Investment properties are measured at fair value at each balance sheet date. Gain or loss arising from changes in the fair value of investment properties is recognised in statement of comprehensive income in the period in which it arises ("Policy").

The revaluation is not subject to approval of regulatory authorities.

The material date of valuation is 30 June 2010 and the market value of Mid Valley Megamall is RM1.85 billion which is 2.78% higher compared with the valuation as at 31 March 2010 and 31 December 2009 of RM1.80 billion.

The net surplus of RM37.5 million (deferred tax at 25%) are recognised in statement of comprehensive income of KrisAssets group for the financial period ended 30 June 2010 in line with the Policy and based on the ordinary share capital and treasury shares as at 30 June 2010, the consolidated net assets per share of KrisAssets is RM3.56 per share.

A copy of the valuation letter is available for inspection at the registered office of KrisAssets at Level 32, The Gardens South Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur during normal office hours on a working day for a period of three (3) months from the date of this announcement.


KASSETS - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: KRISASSETS HOLDINGS BERHAD
Stock Name: KASSETS
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: KRISASSETS HOLDINGS BERHAD ("KRISASSETS" OR "COMPANY")
PROPOSED ISSUANCE OF UP TO RM300 MILLION NOMINAL VALUE OF 7-YEAR REDEEMABLE CONVERTIBLE SECURED BONDS

Contents: On behalf of the Board of Directors of KrisAssets, Hong Leong Investment Bank Berhad wishes to announce that KrisAssets proposes to issue up to RM300 million nominal value of 7-year Redeemable Convertible Secured Bonds ("Proposed Bonds Issue").

Please refer to the attachment for the full text on the Proposed Bonds Issue.

This announcement is dated 23 August 2010.

Attachments: KrisAssets - Announcement.pdf


PUNCAK - General Announcement

Announcement Type: General Announcement
Company Name: PUNCAK NIAGA HOLDINGS BERHAD
Stock Name: PUNCAK
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
ARBITRATION PROCEEDINGS BY ADP-PJI JOINT VENTURE ("ADP-PJI JV") AGAINST THE COMPANY'S WHOLLY OWNED SUBSIDIARY, PUNCAK NIAGA (M) SDN BHD ("PNSB") ("ARBITRATION PROCEEDINGS")

Contents: We refer to the announcements made by Puncak on 27 February 2009, 2 March 2009, 27 April 2009, 1 June 2009, 2 November 2009, 29 January 2010, 31 March 2010, 13 May 2010, 11 June 2010, 14 July 2010 and 20 July 2010, respectively in respect of the Arbitration Proceedings.

The Company would like to update the Exchange that the Arbitrator had directed for additional hearing dates on 2 September 2010, 8 September 2010 and 9 September 2010 respectively.

This announcement is dated 23 August 2010.


AXIATA-CD - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Name: AXIATA-CD: CW AXIATA GROUP BERHAD (CIMB)
Stock Name: AXIATA-CD
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: CIMB BANK BERHAD ("CIMB BANK")

EXPIRY OF EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF AXIATA GROUP BERHAD ("AXIATA") ("AXIATA-CD")

Contents: We wish to announce that the AXIATA-CD expired at 5.00 p.m. on 23 August 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.

Cash Settlement Amount = Number of AXIATA-CD x (Closing Price - Exercise Price) x (1/Exercise Ratio)
= Number of AXIATA-CD x (RM4.3483 - RM2.88) x (1/5)
= Number of AXIATA-CD x RM0.2937

The Closing Price of RM4.3483 is the arithmetic mean of daily volume weighted average market price of AXIATA shares for the 5 market days prior to and including the market day immediately before the Expiry Date.

The Cash Settlement Amount, less all exercise expenses, will be paid to warrantholders within 7 market days from the Expiry Date.


This announcement is dated 23 August 2010.


SUBUR - PRODUCTION FIGURES OF THE GROUP FOR THE MONTH OF JULY 2010

Announcement Type: General Announcement
Company Name: SUBUR TIASA HOLDINGS BERHAD
Stock Name: SUBUR
Date Announced: 23/08/2010

Announcement Detail:
Type: Announcement

Subject: PRODUCTION FIGURES OF THE GROUP FOR THE MONTH OF JULY 2010

Contents: In accordance with Paragraph 9.36 of the Main Market Listing Requirements, Subur Tiasa Holdings Berhad wishes to announce that the log and crop production figures of the Group for the month of July 2010 were as follows :-

(1) Log - 39,994 cubic metres; and
(2) Fresh Fruit Bunches - 2,746 metric tons.


LATEXX - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: LATEXX PARTNERS BERHAD
Stock Name: LATEXX
Date Announced: 23/08/2010

Announcement Detail:
Date of buy back from: 11/08/2010

Date of buy back to: 11/08/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 78,000

Minimum price paid for each share purchased ($$): 3.410

Maximum price paid for each share purchased ($$): 3.460

Total amount paid for shares purchased ($$): 268,753.32

The name of the stock exchange through which the shares were purchased: BURSA MALAYSIA SECURITIES BERHAD

Number of shares purchased retained in treasury (units): 78,000

Total number of shares retained in treasury (units): 273,000

Number of shares purchased which were cancelled (units): 0

Date lodged with registrar of companies: 23/08/2010

Lodged by: I Growth Management Services



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