SYF - General Announcement
Announcement Type: General Announcement
Company Name: SYF RESOURCES BERHAD
Stock Name: SYF
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: SYF Resources Berhad ("SRB")
- Update on the Default in Payment pursuant to Practice Note 1 ("PN1") of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad
Contents: We refer to our announcement dated 17 September 2010 on the above.
The Board of Directors of SRB is pleased to announce that as informed by the Corporate Debt Restructuring Committee ("CDRC") vide their letter dated 22 September 2010, SRB had obtained the necessary approvals from the financial creditors involved in the proposed restructuring scheme of SRB. The CDRC has requested SRB to finalize the preparation of the Debt Restructuring Agreement which is to be executed by 21 October 2010.
In connection thereto, SRB has appointed Public Investment Bank Berhad as the main adviser for the implementation of the restructuring scheme, the details of which shall be announced in due course.
This announcement would also serve as the monthly announcement pursuant to PN1 Requirements.
Company Name: SYF RESOURCES BERHAD
Stock Name: SYF
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: SYF Resources Berhad ("SRB")
- Update on the Default in Payment pursuant to Practice Note 1 ("PN1") of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad
Contents: We refer to our announcement dated 17 September 2010 on the above.
The Board of Directors of SRB is pleased to announce that as informed by the Corporate Debt Restructuring Committee ("CDRC") vide their letter dated 22 September 2010, SRB had obtained the necessary approvals from the financial creditors involved in the proposed restructuring scheme of SRB. The CDRC has requested SRB to finalize the preparation of the Debt Restructuring Agreement which is to be executed by 21 October 2010.
In connection thereto, SRB has appointed Public Investment Bank Berhad as the main adviser for the implementation of the restructuring scheme, the details of which shall be announced in due course.
This announcement would also serve as the monthly announcement pursuant to PN1 Requirements.
DEGEM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: DEGEM BERHAD
Stock Name: DEGEM
Date Announced: 23/09/2010
Announcement Detail:
Date of buy back: 23/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 7,900
Minimum price paid for each share purchased ($$): 1.050
Maximum price paid for each share purchased ($$): 1.070
Total consideration paid ($$): 8,466.61
Number of shares purchased retained in treasury (units): 7,900
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,808,100
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.35
Company Name: DEGEM BERHAD
Stock Name: DEGEM
Date Announced: 23/09/2010
Announcement Detail:
Date of buy back: 23/09/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 7,900
Minimum price paid for each share purchased ($$): 1.050
Maximum price paid for each share purchased ($$): 1.070
Total consideration paid ($$): 8,466.61
Number of shares purchased retained in treasury (units): 7,900
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 1,808,100
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 (%): 1.35
CAB - General Announcement
Announcement Type: General Announcement
Company Name: CAB CAKARAN CORPORATION BERHAD
Stock Name: CAB
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR
SUIT NO. S4-22-450-2006
WELLPRADE SDN. BHD. vs KYROS INTERNATIONAL SDN. BHD.
Contents: IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR SUIT NO. S4-22-450-2006
WELLPRADE SDN. BHD. vs KYROS INTERNATIONAL SDN. BHD.
Company Name: CAB CAKARAN CORPORATION BERHAD
Stock Name: CAB
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR
SUIT NO. S4-22-450-2006
WELLPRADE SDN. BHD. vs KYROS INTERNATIONAL SDN. BHD.
Contents: IN THE HIGH COURT OF MALAYA AT KUALA LUMPUR SUIT NO. S4-22-450-2006
WELLPRADE SDN. BHD. vs KYROS INTERNATIONAL SDN. BHD.
COCOLND - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: TA SECURITIES HOLDINGS BERHAD
Company Name: COCOALAND HOLDINGS BERHAD
Stock Name: COCOLND
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: COCOALAND HOLDINGS BERHAD ("COCOALAND" OR THE "COMPANY")
PROPOSED SUBSCRIPTION BY FRASER & NEAVE HOLDINGS BHD OF 39,600,000 NEW ORDINARY SHARES OF RM0.50 EACH IN COCOALAND, REPRESENTING APPROXIMATELY 23.08% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF COCOALAND, AT AN ISSUE PRICE OF RM1.38 PER SHARE ("PROPOSED SUBSCRIPTION")
Contents: We refer to the announcement dated 26 August 2010 by TA Securities Holdings Berhad ("TA Securities"), on behalf of Cocoaland, in relation to the Proposed Subscription.
On behalf of Cocoaland, TA Securities wishes to announce that, after further deliberation and discussion, the Board of Directors of Cocoaland has decided to vary the utilisation of proceeds to be raised from the Proposed Subscription. The revised breakdown in the utilisation of proceeds is set out in the attachment below.
This announcement is dated 23 September 2010.
Attachments: Cocoaland Announcement - Utl of Proceeds.pdf
Submitting Merchant Bank: TA SECURITIES HOLDINGS BERHAD
Company Name: COCOALAND HOLDINGS BERHAD
Stock Name: COCOLND
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: COCOALAND HOLDINGS BERHAD ("COCOALAND" OR THE "COMPANY")
PROPOSED SUBSCRIPTION BY FRASER & NEAVE HOLDINGS BHD OF 39,600,000 NEW ORDINARY SHARES OF RM0.50 EACH IN COCOALAND, REPRESENTING APPROXIMATELY 23.08% OF THE ENLARGED ISSUED AND PAID-UP SHARE CAPITAL OF COCOALAND, AT AN ISSUE PRICE OF RM1.38 PER SHARE ("PROPOSED SUBSCRIPTION")
Contents: We refer to the announcement dated 26 August 2010 by TA Securities Holdings Berhad ("TA Securities"), on behalf of Cocoaland, in relation to the Proposed Subscription.
On behalf of Cocoaland, TA Securities wishes to announce that, after further deliberation and discussion, the Board of Directors of Cocoaland has decided to vary the utilisation of proceeds to be raised from the Proposed Subscription. The revised breakdown in the utilisation of proceeds is set out in the attachment below.
This announcement is dated 23 September 2010.
Attachments: Cocoaland Announcement - Utl of Proceeds.pdf
RAMUNIA - Quarterly rpt on consolidated results for the financial period ended 31/7/2010
Announcement Type: Financial Results
Company Name: RAMUNIA HOLDINGS BERHAD
Stock Name: RAMUNIA
Date Announced: 23/09/2010
Announcement Detail:
Financial Year End: 31/10/2010
Quarter: 3
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: RAMUNIA HOLDINGS BERHAD
Stock Name: RAMUNIA
Date Announced: 23/09/2010
Announcement Detail:
Financial Year End: 31/10/2010
Quarter: 3
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
SATANG - General Announcement
Announcement Type: General Announcement
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: SATANG HOLDINGS BERHAD ("SATANG" or "the Company")
WRIT OF SUMMONS AND STATEMENT OF CLAIM
MAHKAMAH TINGGI MALAYA KUANTAN, GUAMAN SIVIL NO.: 22-121-2010
Contents: Reference is made to the Company's announcements on 21 September 2010 and 22 September 2010, respectively.
The Board of Directors wishes to further announce that the default to Daya Padu Enterprise ("Daya Padu") is mainly due to the tight cash flow where focus was on paying staff salaries on time and meeting obligations to the major/critical suppliers of the Group to keep the business going smoothly. However, Satang will try to settle the outstanding with Daya Padu after the completion of the Corporate Proposals as announced on 28 April 2010 which expected will contribute positively to the earnings potential of the Group in future. The said Corporate Proposals is now pending for the approval from Bursa Malaysia Securities Berhad.
This announcement is dated 23 September 2010.
Company Name: SATANG HOLDINGS BERHAD
Stock Name: SATANG
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: SATANG HOLDINGS BERHAD ("SATANG" or "the Company")
WRIT OF SUMMONS AND STATEMENT OF CLAIM
MAHKAMAH TINGGI MALAYA KUANTAN, GUAMAN SIVIL NO.: 22-121-2010
Contents: Reference is made to the Company's announcements on 21 September 2010 and 22 September 2010, respectively.
The Board of Directors wishes to further announce that the default to Daya Padu Enterprise ("Daya Padu") is mainly due to the tight cash flow where focus was on paying staff salaries on time and meeting obligations to the major/critical suppliers of the Group to keep the business going smoothly. However, Satang will try to settle the outstanding with Daya Padu after the completion of the Corporate Proposals as announced on 28 April 2010 which expected will contribute positively to the earnings potential of the Group in future. The said Corporate Proposals is now pending for the approval from Bursa Malaysia Securities Berhad.
This announcement is dated 23 September 2010.
HELP - Quarterly rpt on consolidated results for the financial period ended 31/7/2010
Announcement Type: Financial Results
Company Name: HELP INTERNATIONAL CORPORATION BERHAD
Stock Name: HELP
Date Announced: 23/09/2010
Announcement Detail:
Financial Year End: 31/10/2010
Quarter: 3
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: HELP INTERNATIONAL CORPORATION BERHAD
Stock Name: HELP
Date Announced: 23/09/2010
Announcement Detail:
Financial Year End: 31/10/2010
Quarter: 3
Quarterly report for the financial period ended: 31/07/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
RUBEREX - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: RUBBEREX CORPORATION (M) BERHAD
Stock Name: RUBEREX
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: RUBBEREX CORPORATION (M) BERHAD ("RCB" or "the Company")
- Proposed acquisition of the remaining 20.0% equity interest in Rubberex (Hong Kong) Limited ("RHK") for a total purchase consideration of RM5.6 million
Contents: On 22 September 2010, RCB has entered into a conditional share sale and purchase agreement ("SSA") with Diamond Silk International Sdn Bhd ("DSI") for the acquisition of 200 ordinary shares of Hong Kong Dollars ("HKD") 1.00 each ("Sale Shares") representing 20.0% equity interest in RHK for a total cash consideration of RM5.6 million ("Proposed Acquisition").
Please refer to the attachement for the full announcement.
Attachments: Announcement.pdf
Appendix I.pdf
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: RUBBEREX CORPORATION (M) BERHAD
Stock Name: RUBEREX
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: RUBBEREX CORPORATION (M) BERHAD ("RCB" or "the Company")
- Proposed acquisition of the remaining 20.0% equity interest in Rubberex (Hong Kong) Limited ("RHK") for a total purchase consideration of RM5.6 million
Contents: On 22 September 2010, RCB has entered into a conditional share sale and purchase agreement ("SSA") with Diamond Silk International Sdn Bhd ("DSI") for the acquisition of 200 ordinary shares of Hong Kong Dollars ("HKD") 1.00 each ("Sale Shares") representing 20.0% equity interest in RHK for a total cash consideration of RM5.6 million ("Proposed Acquisition").
Please refer to the attachement for the full announcement.
Attachments: Announcement.pdf
Appendix I.pdf
KYM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")
PROPOSED ACQUISITION BY POLYPULP ENTERPRISES SDN BHD ("POLYPULP"), A WHOLLY OWNED SUBSIDIARY OF KYM, OF 50,000 ORDINARY SHARES OF RM1.00 EACH IN TEGAS CONSOLIDATED SDN BHD ("TEGAS") REPRESENTING 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TEGAS NOT ALREADY HELD BY POLYPULP FROM DATO' AYOUB BIN ISMAIL AND DATIN MIRIAM NAZLEE BT TAN SRI A. B. SAMAD FOR A PURCHASE CONSIDERATION OF RM3,000,000 ("PROPOSED ACQUISITION")
Contents: Further to the announcement dated 22 September 2010, MIMB Investment Bank Berhad ("MIMB"), on behalf of the Board of Directors of KYM wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated 23 September 2010, resolved to grant KYM an extension of time until 15 November 2010 to comply with Paragraph 9.33(1)(a) of Bursa Securities Main Market Listing Requirements in relation to the submission of the draft circular to the shareholders of KYM in relation to the Proposed Acquisition.
This announcement is dated 23 September 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")
PROPOSED ACQUISITION BY POLYPULP ENTERPRISES SDN BHD ("POLYPULP"), A WHOLLY OWNED SUBSIDIARY OF KYM, OF 50,000 ORDINARY SHARES OF RM1.00 EACH IN TEGAS CONSOLIDATED SDN BHD ("TEGAS") REPRESENTING 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TEGAS NOT ALREADY HELD BY POLYPULP FROM DATO' AYOUB BIN ISMAIL AND DATIN MIRIAM NAZLEE BT TAN SRI A. B. SAMAD FOR A PURCHASE CONSIDERATION OF RM3,000,000 ("PROPOSED ACQUISITION")
Contents: Further to the announcement dated 22 September 2010, MIMB Investment Bank Berhad ("MIMB"), on behalf of the Board of Directors of KYM wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") has, vide its letter dated 23 September 2010, resolved to grant KYM an extension of time until 15 November 2010 to comply with Paragraph 9.33(1)(a) of Bursa Securities Main Market Listing Requirements in relation to the submission of the draft circular to the shareholders of KYM in relation to the Proposed Acquisition.
This announcement is dated 23 September 2010.
KYM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF A LEASEHOLD LAND MEASURING APPROXIMATELY 167,394 SQUARE METRES OR 41.36 ACRES LOCATED AT MUKIM HULU KINTA, DISTRICT OF KINTA, PERAK DARUL RIDZUAN FROM IDAMAN BINA MAKMUR SDN BHD ("VENDOR") FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM12 MILLION TO BE SATISFIED BY WAY OF CASH CONSIDERATION OF RM100,000 AND THE BALANCE OF RM11,900,000 WILL BE SATISFIED VIA ISSUANCE OF 8,750,000 NEW ORDINARY SHARES OF RM0.50 EACH IN KYM ("KYM SHARES") TO BE ISSUED AT AN ISSUE PRICE OF RM1.36 PER KYM SHARE ("PROPOSED IPOH LAND ACQUISITION"); AND
(II) PROPOSED EXEMPTION UNDER PRACTICE NOTE 2.9.1 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 ("CODE") BY DATO' LIM KHENG YEW AND THE PARTIES ACTING IN CONCERT WITH HIM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING KYM SHARES NOT ALREADY OWNED BY THEM UPON THE ISSUANCE OF NEW KYM SHARES TO THE VENDOR PURSUANT TO THE PROPOSED IPOH LAND ACQUISITION ("PROPOSED EXEMPTION")
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Contents: On behalf of the Company, MIMB Investment Bank Berhad wishes to announce that the Securities Commission had, vide its letter dated 22 September 2010 (which was received on 23 September 2010), approved the Proposed Exemption.
As such, all the conditions precedent stipulated in the sale and purchase agreement dated 30 March 2010 in relation to the Proposed Ipoh Land Acquisition have been fulfilled. Accordingly, the Proposed Ipoh Land Acquisition has become unconditional on 23 September 2010.
This announcement is dated 23 September 2010.
Submitting Merchant Bank: MIMB INVESTMENT BANK BERHAD
Company Name: KYM HOLDINGS BERHAD
Stock Name: KYM
Date Announced: 23/09/2010
Announcement Detail:
Type: Announcement
Subject: KYM HOLDINGS BHD. ("KYM" OR THE "COMPANY")
(I) PROPOSED ACQUISITION OF A LEASEHOLD LAND MEASURING APPROXIMATELY 167,394 SQUARE METRES OR 41.36 ACRES LOCATED AT MUKIM HULU KINTA, DISTRICT OF KINTA, PERAK DARUL RIDZUAN FROM IDAMAN BINA MAKMUR SDN BHD ("VENDOR") FOR AN AGGREGATE PURCHASE CONSIDERATION OF RM12 MILLION TO BE SATISFIED BY WAY OF CASH CONSIDERATION OF RM100,000 AND THE BALANCE OF RM11,900,000 WILL BE SATISFIED VIA ISSUANCE OF 8,750,000 NEW ORDINARY SHARES OF RM0.50 EACH IN KYM ("KYM SHARES") TO BE ISSUED AT AN ISSUE PRICE OF RM1.36 PER KYM SHARE ("PROPOSED IPOH LAND ACQUISITION"); AND
(II) PROPOSED EXEMPTION UNDER PRACTICE NOTE 2.9.1 OF THE MALAYSIAN CODE ON TAKE-OVERS AND MERGERS, 1998 ("CODE") BY DATO' LIM KHENG YEW AND THE PARTIES ACTING IN CONCERT WITH HIM FROM THE OBLIGATION TO UNDERTAKE A MANDATORY TAKE-OVER OFFER FOR THE REMAINING KYM SHARES NOT ALREADY OWNED BY THEM UPON THE ISSUANCE OF NEW KYM SHARES TO THE VENDOR PURSUANT TO THE PROPOSED IPOH LAND ACQUISITION ("PROPOSED EXEMPTION")
(COLLECTIVELY KNOWN AS THE "PROPOSALS")
Contents: On behalf of the Company, MIMB Investment Bank Berhad wishes to announce that the Securities Commission had, vide its letter dated 22 September 2010 (which was received on 23 September 2010), approved the Proposed Exemption.
As such, all the conditions precedent stipulated in the sale and purchase agreement dated 30 March 2010 in relation to the Proposed Ipoh Land Acquisition have been fulfilled. Accordingly, the Proposed Ipoh Land Acquisition has become unconditional on 23 September 2010.
This announcement is dated 23 September 2010.
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