September 2, 2010

Company announcements: TEJARI, CMSB, MULPHA, YTL, GLOMAC, MUTIARA, ARREIT, BPURI, SHL, KONSORT

TEJARI - General Announcement

Announcement Type: General Announcement
Company Name: TEJARI TECHNOLOGIES BERHAD (ACE Market)
Stock Name: TEJARI
Date Announced: 02/09/2010

Announcement Detail:
Admission Sponsor: Kenanga Investment Bank Bhd

Sponsor: OSK Investment Bank Bhd

Type: Announcement

Subject: TEJARI TECHNOLOGIES BERHAD ("TEJARI" OR "THE COMPANY")
WINDING UP PETITION NO.:28-16-2010 BY D.S.C. ENGINEERING (JB) SDN. BHD. ("DSC") ON TEJARI SDN. BHD. ("TSB"), A WHOLLY-OWNED SUBSIDIARY OF TEJARI

Contents: Further to our announcement made on 12 August 2010, Tejari wishes to announce that in view of the facts that both parties have reached to an out of court settlement, the Petitioner has proceeded to withdraw the Winding-up proceedings commenced against TSB with no order as to cost on 2nd September 2010.

This announcement is dated 02 September 2010.


CMSB - General Announcement

Announcement Type: General Announcement
Company Name: CAHYA MATA SARAWAK BERHAD
Stock Name: CMSB
Date Announced: 02/09/2010

Announcement Detail:
Type: Announcement

Subject: PROPOSED DISPOSAL OF 2,000,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING THE ENTIRE EQUITY INTEREST IN CMS ASSET MANAGEMENT SDN BHD

Contents: 1. INTRODUCTION

Pursuant to Paragraph 9.19(24) of Chapter 9 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), the Board of Directors of Cahya Mata Sarawak Berhad ("CMSB" or "the Company") wishes to announce that its subsidiary company, CMS Capital Sdn Bhd ("CMSC") and AGI Asset Management Ltd ("AGI") (collectively the "Vendors") had, on 2 September 2010 entered into a Share Sale Agreement ("SSA") with Mr Ian Tham Khean Hin (the "Purchaser") for the disposal of 2,000,000 ordinary shares of RM1.00 each ("Sale Shares") representing the entire equity interest in CMS Asset Management Sdn Bhd ("CMS Asset Management") for a total cash consideration of RM2.00 ("Disposal").

Upon completion, CMS Asset Management will cease to be a subsidiary company of CMSB.


2. DETAILS OF THE DISPOSAL

2.1 INFORMATION ON CMS ASSET MANAGEMENT

CMS Asset Management was incorporated in Malaysia on 21 April 1994 as a private limited company under the Companies Act, 1965 under the name of CMS Dresdner Asset Management Sdn Bhd. The company changed its name to CMS Asset Management on 29 May 2007 and is effectively a 48.55% owned subsidiary company of CMSB.

The current authorised and issued and paid up share capital of CMS Asset Management is RM5,000,000 and RM2,000,000 respectively comprising ordinary shares of RM1.00 each.

Based on the audited financial statements of CMS Asset Management for the financial year ended 31 December 2009, the company has an accumulated loses of RM1,999,999 and a total equity of RM1.00.

CMS Asset Management has ceased its operation in investment funds management.

2.2 Salient terms of the SSA

The salient terms of the SSA include, inter-alia, the following:-

(a) the Sale Shares shall be transferred to the Purchaser's nominees who shall be: (1) Christopher Foo Kah Foong (1,020,000 Shares); and (2) Soh Ooi Kean Jin (980,000 Shares);

(b) the Purchaser shall within ONE (1) month from the Completion Date cause the Company to cease to use the CMSB Logo and cause the name of the Company to be changed where the words "CMS" or "Cahya Mata Sarawak" shall not appear in or form part of the Company's new name, business cards, correspondences, letterheads, stationeries and/or assets;

(c) the Purchaser shall ensure the Company shall not incorporate any company/entity bearing the words "CMS" or "Cahya Mata Sarawak" in its name or give approval/consent to any third party to do the same; and

(d) The Sale Shares are sold on "as-is where-is" basis with no warranty and/or representation by the Vendors on the completeness and/or accuracy in respect of the Company's financial, taxation, accounting, employment and all other matters pertaining to the Company.

2.3 Basis of arriving at the sale consideration

The total disposal consideration of RM2.00 was arrived on a willing-seller and willing-buyer basis and after taking into consideration the audited net assets of CMS Asset Management Sdn Bhd as at 31 December 2009 of RM1.00.

2.4 Date and original cost of investment

The date of investment in CMS Asset Management by CMSC was on 31 December 1995. The original cost of investment by CMSC is RM1,020,000.00.


3. RATIONALE FOR THE DISPOSAL

The Disposal will enable the CMS Group to complete the disposal of the last remaining assets of this non-core business and concentrate its resources and management focus on its core businesses going forward of construction materials manufacturing and trading, construction, property development and aluminium smelting.

The asset management business formerly carried on by CMS Asset Management was transferred out to another company in 2008 and CMS Asset Management has since become a dormant company with net assets of RM1.


4. FINANCIAL EFFECTS

4.1 Earnings

The Disposal will result in a gain on disposal of approximately RM2 million to the CMSB Group for the financial year ending 31 December 2010, computed based on the audited financial statements of CMS Asset Management for the financial year ended 31 December 2009. The Disposal is not expected to have a material effect on CMSB's consolidated earnings for the financial year ending 31 December 2010.

4.2 Net Assets

The Disposal is not expected to have a material effect on the net assets of CMSB for the financial year ending 31 December 2010.

4.3 Share Capital and Substantial Shareholders' Shareholdings

The Disposal is not expected to have any effect on the issued and paid-up share capital and substantial shareholders' shareholdings in CMSB for the year ending 31 December 2010 and is not expected to have any material effect on the gearing of CMSB.


5. APPROVALS REQUIRED

The Disposal does not require the approval of the shareholders of CMSB or any other regulatory body.


6. DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTERESTS

None of the directors and/or major shareholders of CMSB or persons connected to them have any interest, direct or indirect, in the Disposal.


7. STATEMENT BY THE BOARD

Having considered all aspects of the Disposal, the Board of CMSB is of the opinion that the Disposal is in the best long-term interest of CMSB.


8. ESTIMATED TIMEFRAME FOR COMPLETION

The Disposal is completed today, being date of the Share Sale Agreement.


9. SC'S POLICIES AND GUIDELINES ON ISSUE/OFFER OF SECURITIES

To the best knowledge of the Board, the Disposal does not depart from the SC's Policies and Guidelines on Issue/Offer of Securities.


10. DOCUMENTS FOR INSPECTION

A copy of the SSA is available for inspection at the Company's registered office at Level 6, Wisma Mahmud, Jalan Sungai Sarawak, 93100 Kuching, Sarawak during normal business hours on Monday to Friday (except public holidays) for a period of three (3) months from the date of this announcement.


This announcement is dated 2 September 2010.


MULPHA - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: MULPHA INTERNATIONAL BERHAD
Stock Name: MULPHA
Date Announced: 02/09/2010

Announcement Detail:
Date of buy back: 02/09/2010

Description of shares purchased: Ordinary shares of RM 0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 5,000

Minimum price paid for each share purchased ($$): 0.390

Maximum price paid for each share purchased ($$): 0.390

Total consideration paid ($$): 1,992.59

Number of shares purchased retained in treasury (units): 5,000

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

Cumulative net outstanding treasury shares as at to-date (units): 3,615,000

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.15


YTL - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: YTL CORPORATION BERHAD
Stock Name: YTL
Date Announced: 02/09/2010

Announcement Detail:
Date of buy back from: 23/08/2010

Date of buy back to: 27/08/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 178,000

Minimum price paid for each share purchased ($$): 7.430

Maximum price paid for each share purchased ($$): 7.510

Total amount paid for shares purchased ($$): 1,335,601.77

The name of the stock exchange through which the shares were purchased: BURSA MALAYSIA SECURITIES BERHAD

Number of shares purchased retained in treasury (units): 178,000

Total number of shares retained in treasury (units): 105,877,209

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

Date lodged with registrar of companies: 02/09/2010

Lodged by: HO SAY KENG


GLOMAC - Dealing by Directors in Shares During Closed Period

Announcement Type: General Announcement
Company Name: GLOMAC BERHAD
Stock Name: GLOMAC
Date Announced: 02/09/2010

Announcement Detail:
Type: Announcement

Subject: Dealing by Directors in Shares During Closed Period

Contents: Pursuant to Paragraph 14.08(d) of Chapter 14 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Malaysia") relating to dealings in securities during closed periods, Glomac Berhad ("the Company") wishes to notify Bursa Malaysia that the Company received notification from the following director of dealings in shares of the Company. Please refer to the table below for further information.

This announcement is dated 2 September 2010.


MUTIARA - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MUTIARA GOODYEAR DEVELOPMENT BERHAD
Stock Name: MUTIARA
Date Announced: 02/09/2010

Announcement Detail:
Type: Reply to query

Reply to Bursa Malaysia's Query Letter - Reference ID: NE-100901-55592

Subject: MUTIARA GOODYEAR DEVELOPMENT BERHAD ("MUTIARA" OR THE "COMPANY")
Related Party Transactions - Sale of Properties to Directors and Persons Connected with Directors ("Sale of Properties")

Contents: We refer to our announcement dated 27 August 2010 and the letter dated 1 September 2010 from Bursa Malaysia Securities Berhad ("Bursa Securities") on the above matter and attach herewith the additional information as requested by Bursa Securities. Please refer to the attached file for the full announcement.

Query Letter content: We refer to your announcement dated 27 August 2010, in respect of the aforesaid
Sale of Properties.

In this connection, kindly furnish Bursa Malaysia Securities Berhad with the
following additional information for public release:

Basis of arriving at the selling price and justification for the selling price;
The manner in which the selling price will be satisfied;
Effect of the Sale of Properties on the earnings per share, net assets per
share, gearing, share capital and substantial shareholders' shareholding of the
Company;
Particular of all liabilities to be assumed by the purchasers arising from the
Sale of Properties;
Salient features of the sale and purchase agreements;
The date on which the terms of the Sale of Properties were agreed upon;
Statement by the board of directors, excluding interested directors stating
whether the Sale of Properties is in the best interest of the Company, and
where a director disagrees with such statement, a statement by the director
setting out the reasons and the factors taken into consideration in forming
that opinion;
Information as prescribed under Part C, Appendix 10A of the Main Market Listing
Requirements ("Main Market LR") where applicable;
The total amount transacted with the same related party for the preceding 12
months; and
Information as prescribed under item 3, Appendix 10C of the Main Market LR.











Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.

Yours faithfully




KHOO KAY KWAN
Head, Issuers
Listing Division
Regulation

KKK/RSA

Copy to: General Manager & Head, Market Surveillance Department, Securities
Commission (via fax)

Attachments: Reply to Query RPT on Sale of Properties.doc


ARREIT - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: AMANAHRAYA REAL ESTATE INVESTMENT TRUST
Stock Name: ARREIT
Date Announced: 02/09/2010

Announcement Detail:
Type: Announcement

Subject: AMANAHRAYA REAL ESTATE INVESTMENT TRUST ("ARREIT" OR "FUND")

(I) PROPOSED ACQUISITIONS BY CIMB TRUSTEE BERHAD, ON BEHALF OF ARREIT, OF 3 PARCELS OF LEASEHOLD LAND LOCATED IN DISTRICT OF PETALING, SELANGOR DARUL EHSAN TOGETHER WITH THE BUILDINGS ERECTED THEREON FOR A TOTAL PURCHASE CONSIDERATION OF RM270,000,000 SUBJECT TO THE TERMS AND CONDITIONS OF THE SALE AND PURCHASE AGREEMENT; AND

(II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF ARREIT FROM 573,219,858 UNITS IN ARREIT ("UNITS") TO UP TO A MAXIMUM OF 695,947,131 UNITS

Contents: On behalf of the Board of Directors of AmanahRaya-REIT Managers Sdn Bhd, the management company of ARREIT, we are pleased to announce the abovementioned proposals, the details of which are set out in the attachment below.


This announcement is dated 2 September 2010.

Attachments: Announcement 2 Sept 2010.pdf


BPURI - BPURI-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Announcement Type: Listing Circular
Company Name: BINA PURI HOLDINGS BHD
Stock Name: BPURI
Date Announced: 02/09/2010

Announcement Detail:
Subject: BPURI-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")

Contents: Kindly be advised that the abovementioned Company's additional 19,700 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Monday, 6 September 2010.


SHL - SHL CONSOLIDATED BHD - 16TH ANNUAL GENERAL MEETING

Announcement Type: General Announcement
Company Name: SHL CONSOLIDATED BHD
Stock Name: SHL
Date Announced: 02/09/2010

Announcement Detail:
Type: Announcement

Subject: SHL CONSOLIDATED BHD - 16TH ANNUAL GENERAL MEETING

Contents: The Board of Directors of SHL Consolidated Bhd ("the Company") wishes to announce that the 16th Annual General Meeting ("AGM") of the Company convened at Ballroom 1, Level 1, Corus Hotel Kuala Lumpur, Jalan Ampang, 50450 Kuala Lumpur, on Thursday, 2 September 2010 at 11.30 a.m. has been duly held. All resolutions tabled at the said AGM have been duly approved by the shareholders of the Company.


KONSORT - General Announcement

Announcement Type: General Announcement
Company Name: KONSORTIUM LOGISTIK BERHAD
Stock Name: KONSORT
Date Announced: 02/09/2010

Announcement Detail:
Type: Announcement

Subject: KONSORTIUM LOGISTIK BERHAD ("KONSORTIUM" OR "THE COMPANY")
- NOTIFICATION OF DEALINGS IN SECURITIES BY DIRECTOR OUTSIDE CLOSED PERIOD

Contents: We wish to announce that Mr. Loo Hooi Keat, a Director of the Company, has on 2 September 2010 informed the Company of his dealings in the securities of the Company as per the table below.



No comments:

Post a Comment