TRACOMA - Tracoma Holdings Berhad ("TRACOMA" or "the Company") - Additional Information
Announcement Type: General Announcement
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: Tracoma Holdings Berhad ("TRACOMA" or "the Company")
- Additional Information
Contents: Reference is made to the announcements dated 17 August 2010 and 19 August 2010.
Further to the above, TRACOMA wishes to inform that the claim sum of RM650,000 as announced earlier was for the purpose of financial advisory fee claimed by NewParadigm Capital Markets Sdn Bhd for proposed restructuring scheme and the claim for the amount of RM650,000 is disputed by the Company.
This announcement is dated 24 August 2010.
Company Name: TRACOMA HOLDINGS BERHAD
Stock Name: TRACOMA
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: Tracoma Holdings Berhad ("TRACOMA" or "the Company")
- Additional Information
Contents: Reference is made to the announcements dated 17 August 2010 and 19 August 2010.
Further to the above, TRACOMA wishes to inform that the claim sum of RM650,000 as announced earlier was for the purpose of financial advisory fee claimed by NewParadigm Capital Markets Sdn Bhd for proposed restructuring scheme and the claim for the amount of RM650,000 is disputed by the Company.
This announcement is dated 24 August 2010.
PPG - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: PELANGI PUBLISHING GROUP BHD.
Stock Name: PPG
Date Announced: 24/08/2010
Announcement Detail:
Date of buy back: 24/08/2010
Description of shares purchased: Ordinary Shares
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 0.415
Maximum price paid for each share purchased ($$): 0.415
Number of shares purchased retained in treasury (units): 20,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 29,200
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 (%): 0.03
Company Name: PELANGI PUBLISHING GROUP BHD.
Stock Name: PPG
Date Announced: 24/08/2010
Announcement Detail:
Date of buy back: 24/08/2010
Description of shares purchased: Ordinary Shares
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 20,000
Minimum price paid for each share purchased ($$): 0.415
Maximum price paid for each share purchased ($$): 0.415
Number of shares purchased retained in treasury (units): 20,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 29,200
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 (%): 0.03
BSLCORP - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BSL CORPORATION BERHAD
Stock Name: BSLCORP
Date Announced: 24/08/2010
Announcement Detail:
Date of buy back: 24/08/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,900
Minimum price paid for each share purchased ($$): 0.325
Maximum price paid for each share purchased ($$): 0.325
Total consideration paid ($$): 3,912.67
Number of shares purchased retained in treasury (units): 11,900
Cumulative net outstanding treasury shares as at to-date (units): 412,100
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.42
Company Name: BSL CORPORATION BERHAD
Stock Name: BSLCORP
Date Announced: 24/08/2010
Announcement Detail:
Date of buy back: 24/08/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 11,900
Minimum price paid for each share purchased ($$): 0.325
Maximum price paid for each share purchased ($$): 0.325
Total consideration paid ($$): 3,912.67
Number of shares purchased retained in treasury (units): 11,900
Cumulative net outstanding treasury shares as at to-date (units): 412,100
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.42
FAVCO - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: FAVELLE FAVCO BERHAD
Stock Name: FAVCO
Date Announced: 24/08/2010
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: FAVELLE FAVCO BERHAD
Stock Name: FAVCO
Date Announced: 24/08/2010
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)
SCNWOLF - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 24/08/2010
Announcement Detail:
Date of buy back: 24/08/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 35,000
Minimum price paid for each share purchased ($$): 0.370
Maximum price paid for each share purchased ($$): 0.370
Total consideration paid ($$): 13,044.59
Number of shares purchased retained in treasury (units): 35,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 410,300
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.51
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 24/08/2010
Announcement Detail:
Date of buy back: 24/08/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 35,000
Minimum price paid for each share purchased ($$): 0.370
Maximum price paid for each share purchased ($$): 0.370
Total consideration paid ($$): 13,044.59
Number of shares purchased retained in treasury (units): 35,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 410,300
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.51
HANDAL - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: HANDAL RESOURCES BERHAD
Stock Name: HANDAL
Date Announced: 24/08/2010
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: HANDAL RESOURCES BERHAD
Stock Name: HANDAL
Date Announced: 24/08/2010
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)
SUNCRN - General Announcement
Announcement Type: General Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: Sunchirin Industries (Malaysia) Berhad ("SUNCHIRIN" or the "Company")
-Proposed acquisition of two plots of land in Chonburi, Thailand by Sunchirin Industry (Thailand) Ltd, a wholly owned subsidiary of SUNCHIRIN
Contents: 1. INTRODUCTION
The Board of Directors of SUNCHIRIN wishes to announce that the wholly-owned subsidiary of the Company, Sunchirin Industry (Thailand) Ltd ("Sunchirin Thai") had on 23 August 2010 entered into agreement with Amata Corporation Public Company Limited, a company incorporated under the laws of Thailand with its principal office at 2126 New Petchburi Road, Huay Kwang, Bangkok 10320, Thailand for the purpose of acquiring two plots of land within the Amata Nakorn Industrial Estate, Muang District, Chonburi, Thailand (the "Properties") for a total cash consideration of Thai Baht 101,299,000 (approximately RM10.04 million) ("Purchase Price") ("Proposed Acquisition").
Further details of the Proposed Acquisition are set out in the following sections:
2. THE PROPOSED ACQUISITION
2.1 Details of the Proposed Acquisition
The Proposed Acquisition involves the acquisition of two adjoining plots of land, i.e. Plot G746 covering an area of 22.7625 Rai (approximately 392,021 sq. ft.) and Plot G716 covering an area of 2.3550 Rai (approximately 40,558 sq. ft.) within the Amata Nakorn Industrial for a total cash consideration of Thai Baht 101,299,000 (approximately RM10.04 million). The Properties and the said consideration includes all costs of land development and common facilities required by the Industrial Estate Authority of Thailand. The Properties is located about 10 km from Sunchirin Thai's current facility. The Properties will be used for construction of factory buildings for its own use.
2.2 Basis of arriving at the Purchase Price
The Purchase Price was arrived at based on a willing buyer willing seller basis after taking into consideration the development potential of the Land and also making comparisons with the market value of the properties surrounding the Land.
2.3 Source of funding and mode of satisfaction
The Purchase Price will be funded through internally generated funds and/or bank borrowings. There would be no liabilities assumed by the SUNCHIRIN Group arising from the Proposed Acquisition.
3. RATIONALE OF THE PROPOSED ACQUISITION
The Proposed Acquisition is to facilitate the expansion of facilities of Sunchirin Thai in Thailand to cope with the rising market demand for its products.
4. EFFECTS OF THE PROPOSED ACQUISITION
The effects of the Proposed Acquisition is as follows:
Share capital and substantial shareholders' shareholdings
The Proposed Acquisition will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of the Company as the Proposed Acquisition does not involve any issuance of shares of SUNCHIRIN.
Net assets per share and earnings per share
The Proposed Acquisitions are expected to increase the net assets per share of SUNCHIRIN Group to the extent of the value of the Land to be taken into account.
Barring any unforeseen circumstances, the Proposed Acquisitions are expected to contribute positively to the future earnings of SUNCHIRIN Group.
Gearing
As the Purchase Price is to be satisfied by internally generated funds and/or bank borrowings and the exact manner in which the Purchase Price will be satisfied has not been finalised at this juncture, hence, the effect of the Proposed Acquisitions on the gearing cannot be ascertained at this juncture. Nonetheless, there would be no material effect to the gearing of the Group.
5. APPROVALS REQUIRED
The Proposed Acquisition is not subject to the approval of the shareholders of the Company.
The Proposed Acquisition is however subject to the approval of the relevant authorities of Thailand Government.
6. ESTIMATED TIME FRAME FOR THE COMPLETION
Barring any unforeseen circumstances, the Board of SUNCHIRIN expects the Proposed Acquisition to be completed by end of September 2010.
7. HIGHEST PERCENTAGE RATIO APPLICABLE
The highest percentage ratio applicable to the transaction is 9.45%.
8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND / OR PERSONS CONNECTED TO THEM
None of the directors, major shareholders of SUNCHIRIN and/or persons connected to them has any interest, direct or indirect in the Proposed Acquisition.
9. DIRECTORS' RECOMMENDATION
The Board, having considered all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of the SUNCHIRIN Group.
10. DOCUMENTS FOR INSPECTION
The Agreement is available for inspection at SUNCHIRIN's registered office at Lot 7, Jalan Api-api 26/1, HICOM Industrial Estate, Section 26, 40400 Shah Alam, Selangor Darul Ehsan during normal office hours from Monday to Friday (except public holidays) for a period of three months.
This announcement is dated 24 August 2010.
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: Sunchirin Industries (Malaysia) Berhad ("SUNCHIRIN" or the "Company")
-Proposed acquisition of two plots of land in Chonburi, Thailand by Sunchirin Industry (Thailand) Ltd, a wholly owned subsidiary of SUNCHIRIN
Contents: 1. INTRODUCTION
The Board of Directors of SUNCHIRIN wishes to announce that the wholly-owned subsidiary of the Company, Sunchirin Industry (Thailand) Ltd ("Sunchirin Thai") had on 23 August 2010 entered into agreement with Amata Corporation Public Company Limited, a company incorporated under the laws of Thailand with its principal office at 2126 New Petchburi Road, Huay Kwang, Bangkok 10320, Thailand for the purpose of acquiring two plots of land within the Amata Nakorn Industrial Estate, Muang District, Chonburi, Thailand (the "Properties") for a total cash consideration of Thai Baht 101,299,000 (approximately RM10.04 million) ("Purchase Price") ("Proposed Acquisition").
Further details of the Proposed Acquisition are set out in the following sections:
2. THE PROPOSED ACQUISITION
2.1 Details of the Proposed Acquisition
The Proposed Acquisition involves the acquisition of two adjoining plots of land, i.e. Plot G746 covering an area of 22.7625 Rai (approximately 392,021 sq. ft.) and Plot G716 covering an area of 2.3550 Rai (approximately 40,558 sq. ft.) within the Amata Nakorn Industrial for a total cash consideration of Thai Baht 101,299,000 (approximately RM10.04 million). The Properties and the said consideration includes all costs of land development and common facilities required by the Industrial Estate Authority of Thailand. The Properties is located about 10 km from Sunchirin Thai's current facility. The Properties will be used for construction of factory buildings for its own use.
2.2 Basis of arriving at the Purchase Price
The Purchase Price was arrived at based on a willing buyer willing seller basis after taking into consideration the development potential of the Land and also making comparisons with the market value of the properties surrounding the Land.
2.3 Source of funding and mode of satisfaction
The Purchase Price will be funded through internally generated funds and/or bank borrowings. There would be no liabilities assumed by the SUNCHIRIN Group arising from the Proposed Acquisition.
3. RATIONALE OF THE PROPOSED ACQUISITION
The Proposed Acquisition is to facilitate the expansion of facilities of Sunchirin Thai in Thailand to cope with the rising market demand for its products.
4. EFFECTS OF THE PROPOSED ACQUISITION
The effects of the Proposed Acquisition is as follows:
Share capital and substantial shareholders' shareholdings
The Proposed Acquisition will not have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings of the Company as the Proposed Acquisition does not involve any issuance of shares of SUNCHIRIN.
Net assets per share and earnings per share
The Proposed Acquisitions are expected to increase the net assets per share of SUNCHIRIN Group to the extent of the value of the Land to be taken into account.
Barring any unforeseen circumstances, the Proposed Acquisitions are expected to contribute positively to the future earnings of SUNCHIRIN Group.
Gearing
As the Purchase Price is to be satisfied by internally generated funds and/or bank borrowings and the exact manner in which the Purchase Price will be satisfied has not been finalised at this juncture, hence, the effect of the Proposed Acquisitions on the gearing cannot be ascertained at this juncture. Nonetheless, there would be no material effect to the gearing of the Group.
5. APPROVALS REQUIRED
The Proposed Acquisition is not subject to the approval of the shareholders of the Company.
The Proposed Acquisition is however subject to the approval of the relevant authorities of Thailand Government.
6. ESTIMATED TIME FRAME FOR THE COMPLETION
Barring any unforeseen circumstances, the Board of SUNCHIRIN expects the Proposed Acquisition to be completed by end of September 2010.
7. HIGHEST PERCENTAGE RATIO APPLICABLE
The highest percentage ratio applicable to the transaction is 9.45%.
8. INTEREST OF DIRECTORS, MAJOR SHAREHOLDERS AND / OR PERSONS CONNECTED TO THEM
None of the directors, major shareholders of SUNCHIRIN and/or persons connected to them has any interest, direct or indirect in the Proposed Acquisition.
9. DIRECTORS' RECOMMENDATION
The Board, having considered all aspects of the Proposed Acquisition, is of the opinion that the Proposed Acquisition is in the best interest of the SUNCHIRIN Group.
10. DOCUMENTS FOR INSPECTION
The Agreement is available for inspection at SUNCHIRIN's registered office at Lot 7, Jalan Api-api 26/1, HICOM Industrial Estate, Section 26, 40400 Shah Alam, Selangor Darul Ehsan during normal office hours from Monday to Friday (except public holidays) for a period of three months.
This announcement is dated 24 August 2010.
LEWEKO - General Announcement
Announcement Type: General Announcement
Company Name: LEWEKO RESOURCES BERHAD
Stock Name: LEWEKO
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN DURA TECHNOLOGY SDN. BHD. ["DURA"] BY LEWEKO RESOURCES BERHAD ["LEWEKO" OR "COMPANY"] FOR A CASH CONSIDERATION OF RM1.02 MILLION
Contents: Further to the Company's announcements dated 16 August 2010 and 17 August 2010 in connection with the above matter, the Board of Directors of Leweko Resources Berhad wishes to announce that paragraph 7 of the said announcement should be amended to read as follows:
"The relevant % ratio applicable to the Proposed Acquisition is the aggregate value of the consideration given (including any liability to be assumed) in relation to the transaction, compared with the net assets of Leweko as of 31 December 2009 which is approximately 5.48%."
This announcement is dated 24 August 2010.
Company Name: LEWEKO RESOURCES BERHAD
Stock Name: LEWEKO
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED ACQUISITION OF 51% EQUITY INTEREST IN DURA TECHNOLOGY SDN. BHD. ["DURA"] BY LEWEKO RESOURCES BERHAD ["LEWEKO" OR "COMPANY"] FOR A CASH CONSIDERATION OF RM1.02 MILLION
Contents: Further to the Company's announcements dated 16 August 2010 and 17 August 2010 in connection with the above matter, the Board of Directors of Leweko Resources Berhad wishes to announce that paragraph 7 of the said announcement should be amended to read as follows:
"The relevant % ratio applicable to the Proposed Acquisition is the aggregate value of the consideration given (including any liability to be assumed) in relation to the transaction, compared with the net assets of Leweko as of 31 December 2009 which is approximately 5.48%."
This announcement is dated 24 August 2010.
ITRONIC - Change in Chief Executive Officer
Announcement Type: Change in Chief Executive Officer
Company Name: INDUSTRONICS BERHAD
Stock Name: ITRONIC
Date Announced: 24/08/2010
Announcement Detail:
Date of change: 24/08/2010
Type of change: Appointment
Name: LIM JIT FU
Age: 50
Nationality: Malaysian
Qualifications: Mr. Lim graduated with a degree in Bachelor of Electrical & Electronics Engineering from University of Texas, Austin, Texas USA and Master of Business Administration from Texas Tech University, Texas USA.
Working experience and occupation: Mr. Lim is currently the Acting Chief Executive Officer of Industronics. He has over 20 years working experience in the electronic and semiconductor industries. He has 4 years experience working with a leading multi-national semiconductor company in various positions - training development engineer, manufacturing and later in customer service planning. Mr. Lim joined Industronics in 1991 as Head Marketing Department and was promoted to General Manager in 1997. Amongst others Mr. Lim had vast experience in Public Information Display and Airport Systems and had successfully headed the implementation and integration of two major international airports Flight Information Display Systems.
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 or its subsidiaries: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct interest : 353,400 shares
Company Name: INDUSTRONICS BERHAD
Stock Name: ITRONIC
Date Announced: 24/08/2010
Announcement Detail:
Date of change: 24/08/2010
Type of change: Appointment
Name: LIM JIT FU
Age: 50
Nationality: Malaysian
Qualifications: Mr. Lim graduated with a degree in Bachelor of Electrical & Electronics Engineering from University of Texas, Austin, Texas USA and Master of Business Administration from Texas Tech University, Texas USA.
Working experience and occupation: Mr. Lim is currently the Acting Chief Executive Officer of Industronics. He has over 20 years working experience in the electronic and semiconductor industries. He has 4 years experience working with a leading multi-national semiconductor company in various positions - training development engineer, manufacturing and later in customer service planning. Mr. Lim joined Industronics in 1991 as Head Marketing Department and was promoted to General Manager in 1997. Amongst others Mr. Lim had vast experience in Public Information Display and Airport Systems and had successfully headed the implementation and integration of two major international airports Flight Information Display Systems.
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 or its subsidiaries: Nil
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct interest : 353,400 shares
LDAUN - LEBAR DAUN BERHAD ("LDAUN" OR "THE COMPANY") PROVISION OF FINANCIAL ASSISTANCE
Announcement Type: General Announcement
Company Name: LEBAR DAUN BERHAD
Stock Name: LDAUN
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: LEBAR DAUN BERHAD ("LDAUN" OR "THE COMPANY")
PROVISION OF FINANCIAL ASSISTANCE
Contents: Pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of LDAUN wishes to announce that the financial assistance provided as at 30 June 2010 to facilitate the ordinary course of business of LDAUN Group is set out in the table below.
The provision of the financial assistance did not have any material effect on the earnings and net assets of LDAUN Group, and did not have any effect on the share capital of LDAUN.
Company Name: LEBAR DAUN BERHAD
Stock Name: LDAUN
Date Announced: 24/08/2010
Announcement Detail:
Type: Announcement
Subject: LEBAR DAUN BERHAD ("LDAUN" OR "THE COMPANY")
PROVISION OF FINANCIAL ASSISTANCE
Contents: Pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of LDAUN wishes to announce that the financial assistance provided as at 30 June 2010 to facilitate the ordinary course of business of LDAUN Group is set out in the table below.
The provision of the financial assistance did not have any material effect on the earnings and net assets of LDAUN Group, and did not have any effect on the share capital of LDAUN.
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