XINQUAN - Proposed Final Dividend
Announcement Type: General Announcement
Company Name: XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
Stock Name: XINQUAN
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Final Dividend
Contents: The Board of Directors of Xingquan International Sports Holdings Limited ("the Company") is pleased to propose a tax exempt final dividend of 2.5 sen per share for the financial year ended 30 June 2010 to the shareholders for approval at the forthcoming Second Annual General Meeting.
Subject to the approval by the shareholders, the entitlement and payment dates of the aforesaid dividend will be announced at a later date.
Company Name: XINGQUAN INTERNATIONAL SPORTS HOLDINGS LIMITED
Stock Name: XINQUAN
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Proposed Final Dividend
Contents: The Board of Directors of Xingquan International Sports Holdings Limited ("the Company") is pleased to propose a tax exempt final dividend of 2.5 sen per share for the financial year ended 30 June 2010 to the shareholders for approval at the forthcoming Second Annual General Meeting.
Subject to the approval by the shareholders, the entitlement and payment dates of the aforesaid dividend will be announced at a later date.
MEGB - MASTERSKILL EDUCATION GROUP BERHAD ("MEGB") Update on Material Litigation
Announcement Type: General Announcement
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB")
Update on Material Litigation
Contents: Further to MEGB's announcement dated 16 August 2010 pertaining to the material litigation on Emi Roshaida binti Adnan vs Masterskill (M) Sdn Bhd ("Masterskill"), MEGB wishes to announce that Masterskill's application to strike out pleading under Order 18 has been dismissed with cost by Kota Bharu High Court. Masterskill's litigation solicitors were ordered to file statement of defence within one month from 16 August 2010.
This announcement is dated 16th day of August 2010.
Company Name: MASTERSKILL EDUCATION GROUP BERHAD
Stock Name: MEGB
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: MASTERSKILL EDUCATION GROUP BERHAD ("MEGB")
Update on Material Litigation
Contents: Further to MEGB's announcement dated 16 August 2010 pertaining to the material litigation on Emi Roshaida binti Adnan vs Masterskill (M) Sdn Bhd ("Masterskill"), MEGB wishes to announce that Masterskill's application to strike out pleading under Order 18 has been dismissed with cost by Kota Bharu High Court. Masterskill's litigation solicitors were ordered to file statement of defence within one month from 16 August 2010.
This announcement is dated 16th day of August 2010.
BIMB - ARTICLE ENTITLED: "BIMB TO SWAP LISTING STATUS WITH BANK ISLAM"
Announcement Type: General Announcement
Submitting Merchant Bank: -
Company Name: BIMB HOLDINGS BERHAD
Stock Name: BIMB
Date Announced: 16/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: RS-100816-36796
Subject: ARTICLE ENTITLED: "BIMB TO SWAP LISTING STATUS WITH BANK ISLAM"
Contents: We refer to the letter dated 16 August 2010 from Bursa Malaysia Securities Berhad in respect of the above-captioned article in the Malaysian Reserve, pages 1 and 4, on Monday, 16 August 2010, in particular the sentences reproduced as follows:-
"The listing status of BIMB Holdings Berhad, ....... may be "transfered" to its 51%-owned subsidiary Bank Islam Malaysia Bhd."
BIMB Holdings Berhad ("BHB"), after due enquiry with its major shareholder Lembaga Tabung Haji ("TH"), wishes to inform Bursa Malaysia Securities Berhad that no investment decision has been made by TH in relation to any corporate exercise involving the transfer of the listing status of BHB.
Query Letter content: We refer to the above article appearing in The Malaysian Reserve, pages 1 and
4, on Monday, 16 August 2010, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences
which are reproduced as follows:-
"The listing status of BIMB Holdings Bhd,......may be "transferred' to its
51%-owned subsidiary Bank Islam Malaysia Bhd"
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly
furnish Bursa Securities with an announcement for public release confirming or
denying the above reported article in particular the underlined sentences after
due and diligent enquiry with all the directors, major shareholders and all
such other persons reasonably familiar with the matters about which the
disclosure is to be made in this respect. In the event you deny the above
reported sentences or any other part of the article, you are required to set
forth facts sufficient to clarify any misleading aspects of the same. In the
event you confirm the above reported sentences or any other part of the
article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
MARZUKI MAIDIN
Senior Manager, Issuers
Listing Division, Regulation
MZM/RSA
Copy to: General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
Submitting Merchant Bank: -
Company Name: BIMB HOLDINGS BERHAD
Stock Name: BIMB
Date Announced: 16/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: RS-100816-36796
Subject: ARTICLE ENTITLED: "BIMB TO SWAP LISTING STATUS WITH BANK ISLAM"
Contents: We refer to the letter dated 16 August 2010 from Bursa Malaysia Securities Berhad in respect of the above-captioned article in the Malaysian Reserve, pages 1 and 4, on Monday, 16 August 2010, in particular the sentences reproduced as follows:-
"The listing status of BIMB Holdings Berhad, ....... may be "transfered" to its 51%-owned subsidiary Bank Islam Malaysia Bhd."
BIMB Holdings Berhad ("BHB"), after due enquiry with its major shareholder Lembaga Tabung Haji ("TH"), wishes to inform Bursa Malaysia Securities Berhad that no investment decision has been made by TH in relation to any corporate exercise involving the transfer of the listing status of BHB.
Query Letter content: We refer to the above article appearing in The Malaysian Reserve, pages 1 and
4, on Monday, 16 August 2010, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentences
which are reproduced as follows:-
"The listing status of BIMB Holdings Bhd,......may be "transferred' to its
51%-owned subsidiary Bank Islam Malaysia Bhd"
In accordance with Bursa Securities' Corporate Disclosure Policy, kindly
furnish Bursa Securities with an announcement for public release confirming or
denying the above reported article in particular the underlined sentences after
due and diligent enquiry with all the directors, major shareholders and all
such other persons reasonably familiar with the matters about which the
disclosure is to be made in this respect. In the event you deny the above
reported sentences or any other part of the article, you are required to set
forth facts sufficient to clarify any misleading aspects of the same. In the
event you confirm the above reported sentences or any other part of the
article, you are required to set forth facts sufficient to support the same.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
MARZUKI MAIDIN
Senior Manager, Issuers
Listing Division, Regulation
MZM/RSA
Copy to: General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)
GAMUDA - Dealing by Director in the Securities of the Company During Open Period
Announcement Type: General Announcement
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director in the Securities of the Company During Open Period
Contents: The following Director has given notice of his dealing in the securities of the Company during the open period as follows:-
Company Name: GAMUDA BERHAD
Stock Name: GAMUDA
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Director in the Securities of the Company During Open Period
Contents: The following Director has given notice of his dealing in the securities of the Company during the open period as follows:-
YEELEE - ACQUISITION OF SHARES FROM A RELATED PARTY ("ACQUISITION")
Announcement Type: General Announcement
Company Name: YEE LEE CORPORATION BHD
Stock Name: YEELEE
Date Announced: 16/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-100813-41443
Subject: ACQUISITION OF SHARES FROM A RELATED PARTY ("ACQUISITION")
Contents: We refer to our announcement dated 12th August 2010, the Company wishes to furnish the following additional information in relation to the above matter for public release as requested by Bursa Malaysia Securities Berhad ("Bursa Securities") based on their letter dated 13th August 2010:-
1. The purchase consideration of RM5,610,000.00 ("Purchase Consideration") was determined based on an open market value of RM1.02 per share, which was the transacted price at Bursa Securities on 11th August 2010. The highest and lowest transacted prices of Spritzer Bhd. shares at Bursa Securities on that day were RM1.03 and RM1.02 per share respectively.
2. The Purchase Consideration is funded by internally generated funds from the Group.
3. The net assets and net profits of Spritzer Bhd. based on its latest audited accounts as at 31st May 2009 are RM127,290,428.00 and RM8,123,999.00 respectively.
4. The prospects of Spritzer Bhd.
There is great potential in bottled water industry where demand of bottled water is growing tremendously arising from increasing health conscious among the public. Hence with the positive consumers' perception towards Spritzer brand coupled with the expansion of production capacity in its existing plant in Taiping and the commencement of the new plant in Shah Alam, Spritzer Bhd. has positioned itself to tap on larger market and become the largest bottled water supplier in Malaysia.
5. Transworld Commodities (M) Sdn. Bhd. ("TC") is a private limited company incorporated in Malaysia on 26th March 1981. It has an authorised share capital of RM2,000,000.00 comprising 2,000,000 ordinary shares of RM1.00 each of which 265,000 ordinary shares of RM1.00 each had been fully issued and paid-up. The principal activity of TC is investment holding.
6. There are no liabilities, including contingent liabilities and guarantees, to be assumed by Yee Lee for the Acquisition.
7. Risk factors
The performance of Spritzer Bhd. may be affected by the volatility of the cost of raw materials especially the resin cost, margin erosion due to competitive pressures from competitors and the ability to capture more market shares to cater for the new Shah Alam plant.
8. The Board of Directors, with the exception of the interested Directors, namely Dato' Lim A Heng @ Lim Kok Cheong, JSM, DPMP, JP, Mr. Chok Hooa @ Chok Yin Fatt, PMP, Mr. Thang Lai Sung and Mr. Lim Ee Young, after having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of Yee Lee Group.
9. After considering the current performance, financial position and prospects of Spritzer Bhd., the Audit Committee is of the view that the Acquisition is fair, reasonable and on normal commercial terms and is in the best interest of the Company and not detrimental to the interest of the minority shareholders.
10. The original cost of investment of TC on the 5,500,000 shares ("Shares") in Spritzer Bhd. was RM3,619,466.58 and these Shares were acquired in year 2000.
11. Apart from the Acquisition, there are no other transactions with TC for the preceding 12 months.
This announcement is dated 16th August 2010.
Query Letter content: We refer to your Company's announcement dated 12 August 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Detail justification and basis in arriving at the purchase consideration of
RM5,610,000;
The source of funds to finance the purchase consideration and its breakdown
thereof;
The net profits and net assets of Spritzer Bhd based on its latest audited
accounts;
The prospects of Spritzer Bhd;
The details of TC;
Particulars of all liabilities, including contingent liabilities and
guarantees, to be assumed by the Company arising from the acquisition;
The risks in relation to the acquisition;
A statement by the Board of Directors, excluding the interested directors,
stating whether the acquisition is in the best interests of the Company; and
Information pursuant to Appendix 10C of the Main Market Listing Requirements.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
CFT/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Company Name: YEE LEE CORPORATION BHD
Stock Name: YEELEE
Date Announced: 16/08/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: IJ-100813-41443
Subject: ACQUISITION OF SHARES FROM A RELATED PARTY ("ACQUISITION")
Contents: We refer to our announcement dated 12th August 2010, the Company wishes to furnish the following additional information in relation to the above matter for public release as requested by Bursa Malaysia Securities Berhad ("Bursa Securities") based on their letter dated 13th August 2010:-
1. The purchase consideration of RM5,610,000.00 ("Purchase Consideration") was determined based on an open market value of RM1.02 per share, which was the transacted price at Bursa Securities on 11th August 2010. The highest and lowest transacted prices of Spritzer Bhd. shares at Bursa Securities on that day were RM1.03 and RM1.02 per share respectively.
2. The Purchase Consideration is funded by internally generated funds from the Group.
3. The net assets and net profits of Spritzer Bhd. based on its latest audited accounts as at 31st May 2009 are RM127,290,428.00 and RM8,123,999.00 respectively.
4. The prospects of Spritzer Bhd.
There is great potential in bottled water industry where demand of bottled water is growing tremendously arising from increasing health conscious among the public. Hence with the positive consumers' perception towards Spritzer brand coupled with the expansion of production capacity in its existing plant in Taiping and the commencement of the new plant in Shah Alam, Spritzer Bhd. has positioned itself to tap on larger market and become the largest bottled water supplier in Malaysia.
5. Transworld Commodities (M) Sdn. Bhd. ("TC") is a private limited company incorporated in Malaysia on 26th March 1981. It has an authorised share capital of RM2,000,000.00 comprising 2,000,000 ordinary shares of RM1.00 each of which 265,000 ordinary shares of RM1.00 each had been fully issued and paid-up. The principal activity of TC is investment holding.
6. There are no liabilities, including contingent liabilities and guarantees, to be assumed by Yee Lee for the Acquisition.
7. Risk factors
The performance of Spritzer Bhd. may be affected by the volatility of the cost of raw materials especially the resin cost, margin erosion due to competitive pressures from competitors and the ability to capture more market shares to cater for the new Shah Alam plant.
8. The Board of Directors, with the exception of the interested Directors, namely Dato' Lim A Heng @ Lim Kok Cheong, JSM, DPMP, JP, Mr. Chok Hooa @ Chok Yin Fatt, PMP, Mr. Thang Lai Sung and Mr. Lim Ee Young, after having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of Yee Lee Group.
9. After considering the current performance, financial position and prospects of Spritzer Bhd., the Audit Committee is of the view that the Acquisition is fair, reasonable and on normal commercial terms and is in the best interest of the Company and not detrimental to the interest of the minority shareholders.
10. The original cost of investment of TC on the 5,500,000 shares ("Shares") in Spritzer Bhd. was RM3,619,466.58 and these Shares were acquired in year 2000.
11. Apart from the Acquisition, there are no other transactions with TC for the preceding 12 months.
This announcement is dated 16th August 2010.
Query Letter content: We refer to your Company's announcement dated 12 August 2010, in respect of the
aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Detail justification and basis in arriving at the purchase consideration of
RM5,610,000;
The source of funds to finance the purchase consideration and its breakdown
thereof;
The net profits and net assets of Spritzer Bhd based on its latest audited
accounts;
The prospects of Spritzer Bhd;
The details of TC;
Particulars of all liabilities, including contingent liabilities and
guarantees, to be assumed by the Company arising from the acquisition;
The risks in relation to the acquisition;
A statement by the Board of Directors, excluding the interested directors,
stating whether the acquisition is in the best interests of the Company; and
Information pursuant to Appendix 10C of the Main Market Listing Requirements.
Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
CFT/IJ
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
GOLDIS - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: GOLDIS BERHAD
Stock Name: GOLDIS
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: GOLDIS BERHAD ("GOLDIS" OR "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 122,030,811 NEW ORDINARY SHARES OF RM1.00 EACH IN GOLDIS ("SHARES") ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Contents: On behalf of the Board of Directors of Goldis, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) wishes to announce that the Company proposes to undertake the Proposed Bonus Issue.
Please refer to the attachment below for the full text of the announcement pertaining to the Proposed Bonus Issue.
Attachments: Goldis - Prop. Bonus Issue_Announcement 20100816 _final_.pdf
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: GOLDIS BERHAD
Stock Name: GOLDIS
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: GOLDIS BERHAD ("GOLDIS" OR "COMPANY")
PROPOSED BONUS ISSUE OF UP TO 122,030,811 NEW ORDINARY SHARES OF RM1.00 EACH IN GOLDIS ("SHARES") ("BONUS SHARES") TO BE CREDITED AS FULLY PAID-UP ON THE BASIS OF ONE (1) BONUS SHARE FOR EVERY FOUR (4) EXISTING SHARES HELD AT AN ENTITLEMENT DATE TO BE DETERMINED LATER ("PROPOSED BONUS ISSUE")
Contents: On behalf of the Board of Directors of Goldis, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) wishes to announce that the Company proposes to undertake the Proposed Bonus Issue.
Please refer to the attachment below for the full text of the announcement pertaining to the Proposed Bonus Issue.
Attachments: Goldis - Prop. Bonus Issue_Announcement 20100816 _final_.pdf
ILB - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: INTEGRATED LOGISTICS BHD
Stock Name: ILB
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: INTEGRATED LOGISTICS BHD
Stock Name: ILB
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)
ASAS - Quarterly rpt on consolidated results for the financial period ended 30/6/2010
Announcement Type: Financial Results
Company Name: ASAS DUNIA BERHAD
Stock Name: ASAS
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: ASAS DUNIA BERHAD
Stock Name: ASAS
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)
CHANG - CHANGHUAT CORPORATION BERHAD
Announcement Type: General Announcement
Company Name: CHANGHUAT CORPORATION BERHAD
Stock Name: CHANG
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: CHANGHUAT CORPORATION BERHAD
Contents: Pursuant to our announcement on Bursa Malaysia dated August 11, 2010 with respect to the completion of the Proposed Disposal of CPISB AND CPISSB, we are pleased to announce that Changhuat Corporation Berhad's current core business is the in the oil and gas services sector.
Company Name: CHANGHUAT CORPORATION BERHAD
Stock Name: CHANG
Date Announced: 16/08/2010
Announcement Detail:
Type: Announcement
Subject: CHANGHUAT CORPORATION BERHAD
Contents: Pursuant to our announcement on Bursa Malaysia dated August 11, 2010 with respect to the completion of the Proposed Disposal of CPISB AND CPISSB, we are pleased to announce that Changhuat Corporation Berhad's current core business is the in the oil and gas services sector.
CHANG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: CHANGHUAT CORPORATION BERHAD
Stock Name: CHANG
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: LIM KIAN BOON
Age: 38
Nationality: MALAYSIAN
Qualifications: DIPLOMA IN BUSINESS ADMINISTRATION FROM TAYLOR'S COLLEGE
Working experience and occupation: MR. LIM KIAN BOON, AGE 38 HAS A DIPLOMA IN BUSINESS ADMINISTRATION FROM TAYLOR'S COLLEGE. HE STARTED HIS CAREER IN 3M MALAYSIA SDN. BHD. COVERING BUSINESS DEVELOPMENT AND SALES AND WAS APPOINTED REGIONAL AREA MANAGER BASED ON OUTSTANDING RECORD IN EXCEEDING SALES TARGET. HE LATER JOINED THE PROPERTY INDUSTRY WITH CSRC GROUP AND WAS APPOINTED NORTHERN REGION AREA MANAGER. HE SUBSEQUENTLY STARTED A HOUSING DEVELOPMENT PROJECT IN NIBONG TEBAL, PENANG ON A JOINT VENTURE BASIS AND SUCCESSFULLY SOLD OUT AND COMPLETE THE PROJECT IN 1997. HE MOVED INTO THE OIL AND GAS INDUSTRY THROUGH HIS INVOLVEMENT AND NETWORKING WITH BUNKERING COMPANIES IN SINGAPORE. HIS MAIN FOCUS IS IN BUSINESS DEVELOPMENT FUNCTION WORKING WITH OIL MAJOR/TRADERS AND SHIPPING COMPANIES TO SECURE BUNKERING AND FUEL CONTRACTS. LEVERAGING ON HIS NETWORK AND CONTACTS IN THE OIL AND GAS INDUSTRY, HE ESTABLISHED ARUS DERMAGA SDN. BHD. IN 2007, PROVIDING FLOATING STORAGE SPACE PRINCIPALLY TO SINGAPORE-BASED OIL TRADERS.
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
Company Name: CHANGHUAT CORPORATION BERHAD
Stock Name: CHANG
Date Announced: 16/08/2010
Announcement Detail:
Date of change: 16/08/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: LIM KIAN BOON
Age: 38
Nationality: MALAYSIAN
Qualifications: DIPLOMA IN BUSINESS ADMINISTRATION FROM TAYLOR'S COLLEGE
Working experience and occupation: MR. LIM KIAN BOON, AGE 38 HAS A DIPLOMA IN BUSINESS ADMINISTRATION FROM TAYLOR'S COLLEGE. HE STARTED HIS CAREER IN 3M MALAYSIA SDN. BHD. COVERING BUSINESS DEVELOPMENT AND SALES AND WAS APPOINTED REGIONAL AREA MANAGER BASED ON OUTSTANDING RECORD IN EXCEEDING SALES TARGET. HE LATER JOINED THE PROPERTY INDUSTRY WITH CSRC GROUP AND WAS APPOINTED NORTHERN REGION AREA MANAGER. HE SUBSEQUENTLY STARTED A HOUSING DEVELOPMENT PROJECT IN NIBONG TEBAL, PENANG ON A JOINT VENTURE BASIS AND SUCCESSFULLY SOLD OUT AND COMPLETE THE PROJECT IN 1997. HE MOVED INTO THE OIL AND GAS INDUSTRY THROUGH HIS INVOLVEMENT AND NETWORKING WITH BUNKERING COMPANIES IN SINGAPORE. HIS MAIN FOCUS IS IN BUSINESS DEVELOPMENT FUNCTION WORKING WITH OIL MAJOR/TRADERS AND SHIPPING COMPANIES TO SECURE BUNKERING AND FUEL CONTRACTS. LEVERAGING ON HIS NETWORK AND CONTACTS IN THE OIL AND GAS INDUSTRY, HE ESTABLISHED ARUS DERMAGA SDN. BHD. IN 2007, PROVIDING FLOATING STORAGE SPACE PRINCIPALLY TO SINGAPORE-BASED OIL TRADERS.
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
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