August 17, 2010

Company announcements: PETDAG, PETGAS, HUBLINE, LATEXX, JOTECH, LCL, SUCCESS, BSLCORP

PETDAG - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: PETRONAS DAGANGAN BHD
Stock Name: PETDAG
Date Announced: 17/08/2010

Announcement Detail:
Date of change: 17/08/2010

Type of change: Appointment

Designation: Chairman & Director

Directorate: Non Independent & Non Executive

Name: Datuk Wan Zulkiflee Bin Wan Ariffin

Age: 49

Nationality: Malaysian

Qualifications: 1. Bahelor of Engineering Degree from the University of Adelaide, South Australia
2. Attended the Advanced Management Program at Harvard Business School
3. Attended the INSEAD Senior Management Development Programme
4. Fellow of Institute of Chemical Engineers, United Kingdom

Working experience and occupation: He joined PETRONAS in 1983 and has held various positions within the PETRONAS Group including serving in the Office of the President as Executive Assistant to the President, General Manager, International Projects Management Division of OGP Technical Services and General Manager for the Strategy and Business Development Unit. He was appointed as Managing Director/Chief Executive Officer of a public listed subsidiary, PETRONAS Gas Berhad from 2003 to 2007 and Vice President of Gas Business from April 2006 till April 2010. He was also the Chairman of PETRONAS Gas Berhad from 2008 till 17 August 2010.

Currently, he is the Executive Vice President, Downstream Business of PETRONAS and is a member of PETRONAS Board of Directors, the Executive Committee, Management Committee and serves on various Boards of several Joint Ventures and Subsidiary Companies in the PETRONAS Group. He is also the Industry Advisor to the Engineering Faculty, Universiti Putra Malaysia and Chairman of Malaysian-Egyptian Business Council.

Directorship of public companies (if any): PETRONAS Group

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

Remarks: PDB Board has resolved that the appointment of Datuk Wan Zulkiflee Bin Wan Ariffin as Chairman and Director of the Company with immediate effect.


PETDAG - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: PETRONAS DAGANGAN BHD
Stock Name: PETDAG
Date Announced: 17/08/2010

Announcement Detail:
Date of change: 17/08/2010

Type of change: Resignation

Designation: Chairman & Director

Directorate: Non Independent & Non Executive

Name: Datuk Anuar Bin Ahmad

Age: 56

Nationality: Malaysian

Qualifications: N/A

Working experience and occupation: N/A

Directorship of public companies (if any): N/A

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

Remarks: PDB Board has resolved that the resignation of Datuk Anuar Bin Ahmad as Chairman and Director of the Company with immediate effect.


PETGAS - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: PETRONAS GAS BERHAD
Stock Name: PETGAS
Date Announced: 17/08/2010

Announcement Detail:
Date of change: 17/08/2010

Type of change: Resignation

Designation: Chairman & Director

Directorate: Non Independent & Non Executive

Name: Datuk Wan Zulkiflee Bin Wan Ariffin

Age: 49

Nationality: Malaysian

Qualifications: N/A

Working experience and occupation: N/A

Directorship of public companies (if any): N/A

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


PETGAS - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: PETRONAS GAS BERHAD
Stock Name: PETGAS
Date Announced: 17/08/2010

Announcement Detail:
Date of change: 17/08/2010

Type of change: Appointment

Designation: Chairman & Director

Directorate: Non Independent & Non Executive

Name: Datuk Anuar Bin Ahmad

Age: 56

Nationality: Malaysian

Qualifications: - Bachelor of Science Degree (Econs) from the London School of Economics & Political Science, University of London

- Attended Harvard Business School's Advanced Management Programme (AMP), USA.

Working experience and occupation: - Joined PETRONAS in 1977 and is currently the Executive Vice President, Gas, PETRONAS.
- Held various senior managerial positions in International Marketing Division, Corporate Planning Unit, PETRONAS Trading Corporation Sdn Bhd, PETRONAS Dagangan Berhad, Vice President of Oil Business and Vice President of Human Resources Management Division, PETRONAS.
- Has been a member of PETRONAS Management Committee since July 1998 and a PETRONAS Board member since October 2002.

- Appointed as Chairman of PETRONAS Dagangan Berhad since 3 October 2005 till 17 August 2010.

Directorship of public companies (if any): PETRONAS Group

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


HUBLINE - Listing Circular

Announcement Type: Listing Circular
Company Name: HUBLINE BERHAD
Stock Name: HUBLINE
Date Announced: 17/08/2010

Announcement Detail:
Subject: (I) PUBLIC REPRIMAND ON HUBLINE BERHAD
(II) PUBLIC REPRIMAND AND TOTAL FINES OF RM25,000 ON THE DIRECTORS

Contents: Breach of paragraphs 9.16(1)(a) and 16.11(b) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")

1. Bursa Malaysia Securities Berhad ("Bursa Securities") publicly reprimands HUBLINE Berhad ("HUBLINE" or "the Company") for breach of paragraph 9.16(1)(a) of the LR.
HUBLINE is also required to:- (a) carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company's external auditors for four quarterly reports commencing no later from the Company's quarterly report for the financial period ended 30 June 2010; and (b) ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the LR particularly pertaining to financial statements.
2. Paragraph 9.16(1)(a) of the LR states that a listed issuer must ensure that its announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.
Paragraph 16.11(b) of the LR states that a director of a listed issuer must not permit, either knowingly or where he had reasonable means of obtaining such knowledge, a listed issuer to commit a breach of the LR.
3. HUBLINE had breached paragraph 9.16(1)(a) of the LR in respect of the Company's announcement dated 28 November 2008 on the fourth quarterly report for the financial year ended 30 September 2008 ("4th QR 2008"), in which the Company failed to provide impairment loss on the investment in two associated companies in Thailand, ie. Bangpakong Terminal Public Company Limited ("BTC") and Platinum Container Line Co Ltd ("PCL") as stated in the Company's announcement date 23 January 2009.
HUBLINE had reported an unaudited profit after taxation and minority interest of RM42,872,000 for the financial year ended 30 September 2008 in the 4th QR 2008. However, the Company had on 23 January 2009 reported an audited profit after taxation and minority interest of RM21,857,000 in the annual audited accounts for the financial year ended 30 September 2008. The difference of RM21,015,000 between the unaudited and audited results for the financial year ended 30 September 2008 represents a deviation of 49%.
4. Bursa Securities also found the directors of HUBLINE to be in breach of paragraph 16.11(b) of the LR for permitting knowingly or where they had reasonable means of obtaining such knowledge the Company to commit the above breach.
The directors found to be in breach and the penalties imposed are as follows:- No. Director Penalty 1. Lim Li Kuang
Executive Chairman & Chief Executive Officer Public Reprimand and fine of RM25,000 2. Ibrahim bin Baki
Independent & Non-Executive Director
Audit Committee Chairman Public Reprimand 3. Richard Wee Liang Huat @ Richard Wee Liang Chiat
Independent & Non-Executive Director
Audit Committee Member Public Reprimand 4. Katrina Ling Shiek Ngee
Non Independent & Non Executive Director
Audit Committee Member Public Reprimand The directors have failed to take reasonable efforts to discharge their duties to ascertain and ensure the 4th QR 2008 provided for the impairment loss to give a true and fair view of the state affairs of the Company as at the financial year ended 30 September 2008 and in compliance with paragraph 9.16(1)(a) of the LR.

In particular, it was noted that the directors have relied on a valuation dated 25 February 2008 which was issued 9 months prior to the submission of the 4th QR 2008 in arriving at no impairment of the investment in BTC and PCL. They have failed to undertake reasonable assessment to ascertain as to whether the valuation dated 25 February 2008 was still appropriate in view of the economic and market environment at the material time and the losses of the associated companies.
5. The finding of breach and imposition of the above penalties on HUBLINE and the directors are made pursuant to paragraph 16.17 of the LR upon completion of due process and after taking into consideration all facts and circumstances of the matter including in relation to the directors, their respective roles and responsibilities in the Company particularly pertaining to the financial management and review of financial statements.

6. Bursa Securities views the above contravention seriously and reminds the Company 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 the shareholders and the investing public.


LATEXX - LATEXX- EXERCISE OF 48,000 WARRANTS ("EXERCISE")

Announcement Type: Listing Circular
Company Name: LATEXX PARTNERS BERHAD
Stock Name: LATEXX
Date Announced: 17/08/2010

Announcement Detail:
Subject: LATEXX- EXERCISE OF 48,000 WARRANTS ("EXERCISE")

Contents: Kindly be informed that the abovementioned Company's additional 48,000 new ordinary shares of RM0.50 each arising from the aforesaid Exercise will be granted listing and quotation with effect from 9.00 a.m., Thursday, 19 August 2010.


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

Announcement Type: Financial Results
Company Name: JOTECH HOLDINGS BERHAD
Stock Name: JOTECH
Date Announced: 17/08/2010

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)


LCL - General Announcement

Announcement Type: General Announcement
Company Name: LCL CORPORATION BERHAD
Stock Name: LCL
Date Announced: 17/08/2010

Announcement Detail:
Type: Announcement

Subject: LCL CORPORATION BERHAD ("LCL" or "the Company")
- Notice Pursuant to Section 218(1)(e) and (2)(a) of the Companies Act, 1965

Contents: We wish to inform that LCL's wholly-owned subsidiary, LCL Furniture Sdn Bhd ("LCLF") had on 16 August 2010 been served a Notice pursuant to Section 218(1)(e) and (2)(a) of the Companies Act, 1965 by PGD Marketing Sdn Bhd in respect of outstanding debt amounting to RM44,777.04 as at 5 August 2010.

LCLF has 21 days from the date of the receipt of the Notice, failing which, shall be deemed to be unable to pay and winding-up proceedings will be taken against LCLF.

LCLF is currently under receivership and is not in a position to defend the claim.

This announcement is dated 17 August 2010.


SUCCESS - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUCCESS TRANSFORMER CORPORATION BERHAD
Stock Name: SUCCESS
Date Announced: 17/08/2010

Announcement Detail:
Date of buy back: 17/08/2010

Description of shares purchased: Ordinary shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 26,500

Minimum price paid for each share purchased ($$): 1.160

Maximum price paid for each share purchased ($$): 1.180

Total consideration paid ($$): 30,869.85

Number of shares purchased retained in treasury (units): 26,500

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 6,796,900

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 (%): 5.66


BSLCORP - 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: BSL CORPORATION BERHAD
Stock Name: BSLCORP
Date Announced: 17/08/2010

Announcement Detail:
Date of buy back from: 06/08/2010

Date of buy back to: 13/08/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 21,000

Minimum price paid for each share purchased ($$): 0.305

Maximum price paid for each share purchased ($$): 0.320

Total amount paid for shares purchased ($$): 6,795.02

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 21,000

Total number of shares retained in treasury (units): 282,300

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

Total issued capital as diminished: 0

Date lodged with registrar of companies: 17/08/2010

Lodged by: Tricor Corporate Services Sdn Bhd (f.k.a PFA Malaysia Sdn Bhd)



No comments:

Post a Comment