PMCORP - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: PAN MALAYSIA CORPORATION BERHAD
Stock Name: PMCORP
Date Announced: 16/08/2010
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: PAN MALAYSIA CORPORATION BERHAD
Stock Name: PMCORP
Date Announced: 16/08/2010
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)
HTPADU - Notice of Intention to Deal in Securities During Closed Period
Announcement Type: General Announcement
Company Name: HEITECH PADU BERHAD
Stock Name: HTPADU
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Intention to Deal in Securities During Closed Period
Contents: The Company has today received notification from Dato' Mohd Hilmey bin Mohd Taib, the Chief Executive Officer of the Company, of his intention to deal in the securities of the Company during closed period.
His current direct and indirect shareholdings in the Company are as set out in Table 1 hereunder.
Company Name: HEITECH PADU BERHAD
Stock Name: HTPADU
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Intention to Deal in Securities During Closed Period
Contents: The Company has today received notification from Dato' Mohd Hilmey bin Mohd Taib, the Chief Executive Officer of the Company, of his intention to deal in the securities of the Company during closed period.
His current direct and indirect shareholdings in the Company are as set out in Table 1 hereunder.
TSRCAP - General Announcement
Announcement Type: General Announcement
Company Name: TSR CAPITAL BERHAD
Stock Name: TSRCAP
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF ADDITIONAL SHARES IN THE CAPITAL OF MEDICALCITY CORPORATION (MALAYSIA) SDN. BHD., A SUBSIDIARY OF TSR CAPITAL BERHAD
Contents: The Board of Directors of TSR Capital Berhad ("TSR" or "the Company") wishes to announce that the Company had on 6th August 2010 acquired an additional 30,000 ordinary shares of RM1.00 each at par in the capital of Medicalcity Corporation (Malaysia) Sdn. Bhd. ("Medicalcity") resulting Medicalcity being wholly owned subsidiary of TSR ("the Acquisition").
Medical city was incorporated on 13 May 2005. Medicalcity has an authorised and issued and paid-up share capital of RM100,000-00 and is a property development and construction company.
The Acquisition is not subject to the approval of shareholders of TSR.
The Acquisition will not have any material effect on TSR Group's earnings, net assets per share, gearing, share capital and substantial shareholdings structure for the financial year ending 31 December 2010.
None of the directors and/or major shareholders' and/or persons connected with them have any interest, direct or indirect, in the Acquisition.
The Directors of TSR are of the opinion that the Acquisition is in the best interest of the TSR Group.
Company Name: TSR CAPITAL BERHAD
Stock Name: TSRCAP
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: ACQUISITION OF ADDITIONAL SHARES IN THE CAPITAL OF MEDICALCITY CORPORATION (MALAYSIA) SDN. BHD., A SUBSIDIARY OF TSR CAPITAL BERHAD
Contents: The Board of Directors of TSR Capital Berhad ("TSR" or "the Company") wishes to announce that the Company had on 6th August 2010 acquired an additional 30,000 ordinary shares of RM1.00 each at par in the capital of Medicalcity Corporation (Malaysia) Sdn. Bhd. ("Medicalcity") resulting Medicalcity being wholly owned subsidiary of TSR ("the Acquisition").
Medical city was incorporated on 13 May 2005. Medicalcity has an authorised and issued and paid-up share capital of RM100,000-00 and is a property development and construction company.
The Acquisition is not subject to the approval of shareholders of TSR.
The Acquisition will not have any material effect on TSR Group's earnings, net assets per share, gearing, share capital and substantial shareholdings structure for the financial year ending 31 December 2010.
None of the directors and/or major shareholders' and/or persons connected with them have any interest, direct or indirect, in the Acquisition.
The Directors of TSR are of the opinion that the Acquisition is in the best interest of the TSR Group.
DELEUM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Dato' Izham bin Mahmud
Age: 69
Nationality: Malaysian
Qualifications: Bachelor of Science Degree (Honours) in Economics from Queen's University Belfast, United Kingdom and a Master of Arts (Economics Development) from Vanderbilt University, United States of America.
Working experience and occupation: He joined the Federal Treasury in 1965 and attained the level of Principal Assistant Secretary before being seconded to the Malacca State Development Corporation as General Manager in 1972. He embarked on his banking career in 1974 when he joined Aseambankers Malaysia Berhad where he served as General Manager and later Managing Director in 1979 until his retirement. During this period, he also served as a Director of various subsidiaries of the Maybank Group and Cagamas Berhad.
Upon his retirement in 1996, he joined Delcom Services Sdn Bhd ("DSSB") as its Chairman and was subsequently appointed Executive Chairman in 2000. DSSB is a wholly owned subsidiary of Deleum Berhad. He was appointed the Executive Chairman of Deleum Berhad in 2006 and redesignated as Non-Executive Chairman on 1 June 2010.
Directorship of public companies (if any): AMMB Holdings Berhad, AmInvestment Bank Berhad
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: Direct interest: 2,797,000 ordinary shares of RM1.00 each
Indirect interest: 34,524,739 ordinary shares of RM1.00 each
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Ishak bin Imam Abas, Independent Non-Executive Director
2. Dato' Kamaruddin bin Ahmad, Independent Non-Executive Director
3. Mr Chin Kwai Yoong, Independent Non-Executive Director
4. Dato' Izham bin Mahmud, Non-Independent Non-Executive Director
5. Datuk Vivekananthan A/L M.V. Nathan, Non-Independent Non-Executive Director
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Dato' Izham bin Mahmud
Age: 69
Nationality: Malaysian
Qualifications: Bachelor of Science Degree (Honours) in Economics from Queen's University Belfast, United Kingdom and a Master of Arts (Economics Development) from Vanderbilt University, United States of America.
Working experience and occupation: He joined the Federal Treasury in 1965 and attained the level of Principal Assistant Secretary before being seconded to the Malacca State Development Corporation as General Manager in 1972. He embarked on his banking career in 1974 when he joined Aseambankers Malaysia Berhad where he served as General Manager and later Managing Director in 1979 until his retirement. During this period, he also served as a Director of various subsidiaries of the Maybank Group and Cagamas Berhad.
Upon his retirement in 1996, he joined Delcom Services Sdn Bhd ("DSSB") as its Chairman and was subsequently appointed Executive Chairman in 2000. DSSB is a wholly owned subsidiary of Deleum Berhad. He was appointed the Executive Chairman of Deleum Berhad in 2006 and redesignated as Non-Executive Chairman on 1 June 2010.
Directorship of public companies (if any): AMMB Holdings Berhad, AmInvestment Bank Berhad
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: Direct interest: 2,797,000 ordinary shares of RM1.00 each
Indirect interest: 34,524,739 ordinary shares of RM1.00 each
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Ishak bin Imam Abas, Independent Non-Executive Director
2. Dato' Kamaruddin bin Ahmad, Independent Non-Executive Director
3. Mr Chin Kwai Yoong, Independent Non-Executive Director
4. Dato' Izham bin Mahmud, Non-Independent Non-Executive Director
5. Datuk Vivekananthan A/L M.V. Nathan, Non-Independent Non-Executive Director
DELEUM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Datuk Vivekananthan A/L M.V. Nathan
Age: 69
Nationality: Malaysian
Qualifications: He has over 48 years extensive background and experience in the oil and gas industry. This is further complemented with extensive training he attended in the fields of instrumentation, electrical engineering and process controls in the early part of his career with ESSO and Mobil (then separate entities, currently ExxonMobil) and in programmes in the USA, Europe, Japan and Australia.
Working experience and occupation: He joined ESSO Malaysia in 1962 in the Instrumentation and Electrical Engineering Services Department and undertook assignments at ESSO refineries in Malaysia and Thailand. He then worked for Mobil Refinery, Singapore and subsequently as Project Engineer with Avery Laurence (S) Pte. Ltd. on various projects in Brunei, Thailand and Indonesia and also attended training in Japan with Yokogawa Electric Works. He later joined Teledyne Inc. and was based in USA for training in management before being posted as its Marketing Director of the Far East Operations.
In 1982, together with his founding partners he spearheaded Delcom Services Sdn Bhd's ("DSSB") venture into the oil and gas industry and was appointed as its Managing Director and later re-designated as President. DSSB is a wholly owned subsidiary of Deleum Berhad. He was appointed the Deputy Executive Chairman of Deleum Berhad in 2006 and redesignated as Non-Executive Deputy Chairman on 1 June 2010.
Directorship of public companies (if any): WGC 2012
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: Listed issuer:-
Direct interest: 10,625,837 ordinary shares of RM1.00 each
Indirect interest: 20,420,677 ordinary shares of RM1.00 each
VSM Technology Sdn Bhd (subsidiary of Delcom Services Sdn Bhd, a subsidiary of Deleum Berhad):-
Direct interest: 40,400 ordinary shares of RM1.00 each
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Ishak bin Imam Abas, Independent Non-Executive Director
2. Dato' Kamaruddin bin Ahmad, Independent Non-Executive Director
3. Mr Chin Kwai Yoong, Independent Non-Executive Director
4. Dato' Izham bin Mahmud, Non-Independent Non-Executive Director
5. Datuk Vivekananthan A/L M.V. Nathan, Non-Independent Non-Executive Director
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Datuk Vivekananthan A/L M.V. Nathan
Age: 69
Nationality: Malaysian
Qualifications: He has over 48 years extensive background and experience in the oil and gas industry. This is further complemented with extensive training he attended in the fields of instrumentation, electrical engineering and process controls in the early part of his career with ESSO and Mobil (then separate entities, currently ExxonMobil) and in programmes in the USA, Europe, Japan and Australia.
Working experience and occupation: He joined ESSO Malaysia in 1962 in the Instrumentation and Electrical Engineering Services Department and undertook assignments at ESSO refineries in Malaysia and Thailand. He then worked for Mobil Refinery, Singapore and subsequently as Project Engineer with Avery Laurence (S) Pte. Ltd. on various projects in Brunei, Thailand and Indonesia and also attended training in Japan with Yokogawa Electric Works. He later joined Teledyne Inc. and was based in USA for training in management before being posted as its Marketing Director of the Far East Operations.
In 1982, together with his founding partners he spearheaded Delcom Services Sdn Bhd's ("DSSB") venture into the oil and gas industry and was appointed as its Managing Director and later re-designated as President. DSSB is a wholly owned subsidiary of Deleum Berhad. He was appointed the Deputy Executive Chairman of Deleum Berhad in 2006 and redesignated as Non-Executive Deputy Chairman on 1 June 2010.
Directorship of public companies (if any): WGC 2012
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: Listed issuer:-
Direct interest: 10,625,837 ordinary shares of RM1.00 each
Indirect interest: 20,420,677 ordinary shares of RM1.00 each
VSM Technology Sdn Bhd (subsidiary of Delcom Services Sdn Bhd, a subsidiary of Deleum Berhad):-
Direct interest: 40,400 ordinary shares of RM1.00 each
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Ishak bin Imam Abas, Independent Non-Executive Director
2. Dato' Kamaruddin bin Ahmad, Independent Non-Executive Director
3. Mr Chin Kwai Yoong, Independent Non-Executive Director
4. Dato' Izham bin Mahmud, Non-Independent Non-Executive Director
5. Datuk Vivekananthan A/L M.V. Nathan, Non-Independent Non-Executive Director
DELEUM - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Dato' Seri Abdul Ghani bin Abdul Aziz
Age: 66
Nationality: Malaysian
Qualifications: Master of Arts Degree in International Relations and Strategic Studies from the University of Lancaster, United Kingdom and a Master of Human Sciences (History and Civilization) from the International Islamic University, Malaysia.
Working experience and occupation: He joined the Royal Malaysian Air Force (RMAF) in 1964 and graduated as a qualified pilot in 1965. He served in RMAF for 32 years and attained the position of the Chief of the Air Force in 1993 before retiring in November 1996. He is the Managing Director of Penaga Dresser Sdn Bhd, a subsidiary of Deleum Berhad.
Directorship of public companies (if any): C.I. Holdings Berhad
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: Direct interest: 142,900 ordinary shares of RM1.00 each
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Ishak bin Imam Abas, Independent Non-Executive Director
2. Dato' Kamaruddin bin Ahmad, Independent Non-Executive Director
3. Mr Chin Kwai Yoong, Independent Non-Executive Director
4. Dato' Izham bin Mahmud, Non-Independent Non-Executive Director
5. Datuk Vivekananthan A/L M.V. Nathan, Non-Independent Non-Executive Director
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Resignation
Designation: Member of Audit Committee
Directorate: Non Independent & Non Executive
Name: Dato' Seri Abdul Ghani bin Abdul Aziz
Age: 66
Nationality: Malaysian
Qualifications: Master of Arts Degree in International Relations and Strategic Studies from the University of Lancaster, United Kingdom and a Master of Human Sciences (History and Civilization) from the International Islamic University, Malaysia.
Working experience and occupation: He joined the Royal Malaysian Air Force (RMAF) in 1964 and graduated as a qualified pilot in 1965. He served in RMAF for 32 years and attained the position of the Chief of the Air Force in 1993 before retiring in November 1996. He is the Managing Director of Penaga Dresser Sdn Bhd, a subsidiary of Deleum Berhad.
Directorship of public companies (if any): C.I. Holdings Berhad
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: Direct interest: 142,900 ordinary shares of RM1.00 each
Composition of Audit Committee (Name and Directorate of members after change): 1. Datuk Ishak bin Imam Abas, Independent Non-Executive Director
2. Dato' Kamaruddin bin Ahmad, Independent Non-Executive Director
3. Mr Chin Kwai Yoong, Independent Non-Executive Director
4. Dato' Izham bin Mahmud, Non-Independent Non-Executive Director
5. Datuk Vivekananthan A/L M.V. Nathan, Non-Independent Non-Executive Director
DELEUM - First Interim Dividend
Announcement Type: Entitlements (Notice of Book Closure)
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
EX-date: 26/08/2010
Entitlement date: 30/08/2010
Entitlement time: 04:00:00 PM
Entitlement subject: First Interim Dividend
Entitlement description: First interim dividend of 3.5 sen single tier tax exempt dividend per ordinary share
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: to 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, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan
Tel: 03-7841 8000
Payment date: 21/09/2010
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 30/08/2010
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.035
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
Announcement Detail:
EX-date: 26/08/2010
Entitlement date: 30/08/2010
Entitlement time: 04:00:00 PM
Entitlement subject: First Interim Dividend
Entitlement description: First interim dividend of 3.5 sen single tier tax exempt dividend per ordinary share
Period of interest payment: to
Financial Year End: 31/12/2010
Share transfer book & register of members will be: to 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, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan
Tel: 03-7841 8000
Payment date: 21/09/2010
a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 30/08/2010
Entitlement indicator: Currency
Currency: Malaysian Ringgit (MYR)
Entitlement in Currency: 0.035
DELEUM - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
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: DELEUM BERHAD
Stock Name: DELEUM
Date Announced: 16/08/2010
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)
JCY - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: JCY INTERNATIONAL BERHAD
Stock Name: JCY
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: JCY INTERNATIONAL BERHAD ("JCY" OR "COMPANY")
- Extension of Time to Obtain Completion and Compliance Certification
Contents: We refer to the announcement dated 3 August 2010 in relation to the above.
On behalf of the Company, we wish to announce that the Securities Commission ("SC") had vide its letter dated 10 August 2010 which we received on 16 August 2010, approved the extension of time of six (6) months up to 25 January 2011 for JCY to obtain the Completion and Compliance Certification from the relevant authorities in relation to the property located at PLO 296 (PTD 63734), Tebrau IV Industrial Area, Mukim Tebrau, 81100 Johor Bahru, Johor Darul Takzim.
This announcement is dated 16 August 2010.
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: JCY INTERNATIONAL BERHAD
Stock Name: JCY
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: JCY INTERNATIONAL BERHAD ("JCY" OR "COMPANY")
- Extension of Time to Obtain Completion and Compliance Certification
Contents: We refer to the announcement dated 3 August 2010 in relation to the above.
On behalf of the Company, we wish to announce that the Securities Commission ("SC") had vide its letter dated 10 August 2010 which we received on 16 August 2010, approved the extension of time of six (6) months up to 25 January 2011 for JCY to obtain the Completion and Compliance Certification from the relevant authorities in relation to the property located at PLO 296 (PTD 63734), Tebrau IV Industrial Area, Mukim Tebrau, 81100 Johor Bahru, Johor Darul Takzim.
This announcement is dated 16 August 2010.
SSTEEL - General Announcement
Announcement Type: General Announcement
Company Name: SOUTHERN STEEL BERHAD
Stock Name: SSTEEL
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Southern Steel Berhad ("SSB" or the "Company")
Appointment of Independent Adviser in relation to the take-over offer by Signaland Sdn Bhd ("Signaland" or "Offeror") through Hong Leong Investment Bank Berhad to acquire all the remaining ordinary shares of RM1.00 each in SSB which are not owned by Signaland and the persons acting in concert with the Offeror ("Offer Shares") for a cash consideration of EM2.05 for each Offer Share ("Offer")
Contents: On 22 July 2010, SSB announced the appointment of HwangDBS Investment Bank Berhad ("HwangDBS") as independent adviser ("IA") to advise the independent and/or non-interested directors of SSB and holders of the Offer Shares in relation to the Offer, subject to the approval of the Securities Commission ("SC") in accordance with Part IV Section 15(8) of the Malaysian Code on Take-overs and Mergers, 1998 ("Code").
The Company has, on 10 August 2010, announced that the application by HwangDBS to act as IA ("Application") has been rejected by the SC. The Application was rejected because SC deemed HwangDBS as "not independent" in view that it has an interest in the outcome of the Offer wherein HwangDBS has dealt in the ordinary shares of SSB for its proprietary account on 27 July 2010.
Subsequently, on 11 August 2010, SSB announced the appointment of Public Investment Bank Berhad as IA, subject to the approval of the SC in accordance with the Code.
This announcement is dated 16 August 2010.
Company Name: SOUTHERN STEEL BERHAD
Stock Name: SSTEEL
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Southern Steel Berhad ("SSB" or the "Company")
Appointment of Independent Adviser in relation to the take-over offer by Signaland Sdn Bhd ("Signaland" or "Offeror") through Hong Leong Investment Bank Berhad to acquire all the remaining ordinary shares of RM1.00 each in SSB which are not owned by Signaland and the persons acting in concert with the Offeror ("Offer Shares") for a cash consideration of EM2.05 for each Offer Share ("Offer")
Contents: On 22 July 2010, SSB announced the appointment of HwangDBS Investment Bank Berhad ("HwangDBS") as independent adviser ("IA") to advise the independent and/or non-interested directors of SSB and holders of the Offer Shares in relation to the Offer, subject to the approval of the Securities Commission ("SC") in accordance with Part IV Section 15(8) of the Malaysian Code on Take-overs and Mergers, 1998 ("Code").
The Company has, on 10 August 2010, announced that the application by HwangDBS to act as IA ("Application") has been rejected by the SC. The Application was rejected because SC deemed HwangDBS as "not independent" in view that it has an interest in the outcome of the Offer wherein HwangDBS has dealt in the ordinary shares of SSB for its proprietary account on 27 July 2010.
Subsequently, on 11 August 2010, SSB announced the appointment of Public Investment Bank Berhad as IA, subject to the approval of the SC in accordance with the Code.
This announcement is dated 16 August 2010.
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