September 21, 2010

Company announcements: WILLOW, EBWORX, ASIAEP-WA, CIMB, MVEST, INSAS, MISC, SIME

WILLOW - Dealing in Securities by Principal Officers Outside Closed Period

Announcement Type: General Announcement
Company Name: WILLOWGLEN MSC BERHAD (ACE Market)
Stock Name: WILLOW
Date Announced: 21/09/2010

Announcement Detail:
Type: Announcement

Subject: Dealing in Securities by Principal Officers Outside Closed Period

Contents: Pursuant to Paragraph 14.09 of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, a principal officer of the Company has on 20 September 2010 dealt in the securities of the Company. Details are set out in the table below.


WILLOW - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: WILLOWGLEN MSC BERHAD (ACE Market)
Stock Name: WILLOW
Date Announced: 21/09/2010

Announcement Detail:
Date of buy back: 21/09/2010

Description of shares purchased: Ordinary shares of RM0.10 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 100,000

Minimum price paid for each share purchased ($$): 0.395

Maximum price paid for each share purchased ($$): 0.395

Total consideration paid ($$): 39,788.85

Number of shares purchased retained in treasury (units): 100,000

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

Cumulative net outstanding treasury shares as at to-date (units): 1,695,100

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.69


EBWORX - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 21/09/2010

Announcement Detail:
Date of buy back: 21/09/2010

Description of shares purchased: Ordinary shares of RM0.10 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 97,100

Minimum price paid for each share purchased ($$): 0.340

Maximum price paid for each share purchased ($$): 0.350

Total consideration paid ($$): 33,577.18

Number of shares purchased retained in treasury (units): 97,100

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

Cumulative net outstanding treasury shares as at to-date (units): 10,277,100

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 4.56


EBWORX - 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: EBWORX BERHAD (ACE Market)
Stock Name: EBWORX
Date Announced: 21/09/2010

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

Date of buy back to: 13/09/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 208,400

Minimum price paid for each share purchased ($$): 0.295

Maximum price paid for each share purchased ($$): 0.320

Total amount paid for shares purchased ($$): 64,121.66

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 208,400

Total number of shares retained in treasury (units): 9,893,400

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

Total issued capital as diminished: N/A

Date lodged with registrar of companies: 14/09/2010

Lodged by: Tricor Corporate Services Sdn Bhd


ASIAEP-WA - Profile for Warrants

Announcement Type: Listing Information & Profile
Company Name: ASIAEP BHD (ACE Market)
Stock Name: ASIAEP-WA
Date Announced: 21/09/2010

Announcement Detail:
Instrument Type: Warrants

Description: Rights Issue of Warrants 2006/2011

Listing Date: 04/07/2006

Issue Date: 19/06/2006

Issue/ Ask Price: MYR 0.0100

Issue Size Indicator: Unit

Issue Size in Unit: 66,861,390

Maturity Date: 18/06/2011

Exercise/ Conversion Period: 5.00 Year(s)

Exercise/Strike/Conversion Price: MYR 0.3000

Revised Exercise/Strike/Conversion Price: MYR 0.1000

Exercise/ Conversion Ratio: 1:1

Mode of satisfaction of Exercise/ Conversion price: Cash

Settlement Type/ Convertible into: Physical (Shares)

Remarks: The Warrants 2006/2011 were initially issued with the exercise of RM0.30 but was revised to RM0.10 on 9th September 2009 pursuant to the issuance of Warrants 2009/2014 in conjunction with issuance of the renounceable two-call rights issue of 241,894,985 new ordinary shares of RM0.10 each in asiaEP ("Rights Shares") on the basis of one (1) Rights Share for each existing ordinary share of RM0.10 each in asiaEP ("asiaEP Share") held at 5.00 p.m. on 12 August 2009, together with bonus issue of 241,894,985 new asiaEP Shares ("Bonus Shares") and 241,894,985 new Warrants 2009/2014 on the basis of one (1) Bonus Share and one (1) Warrant 2009/2014 for each Rights Share subscribed, at an issue price of RM0.10 per Rights Share, of which the first call of RM0.06 is payable in cash on application and the second call of RM0.04 is to be capitalised from asiaEP's share premium account. As a result, there were also additional 46,883,154 units of Warrants 2006/2011 issued.


CIMB - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: CIMB GROUP HOLDINGS BERHAD
Stock Name: CIMB
Date Announced: 21/09/2010

Announcement Detail:
Type: Announcement

Subject: CIMB GROUP HOLDINGS BERHAD ("CIMB" OR "COMPANY")
- Extension of Time to Complete the Proposed Dual Listing of Ordinary Shares of RM1.00 each in CIMB ("CIMB Shares") on the Stock Exchange of Thailand ("SET") ("Proposed SET Listing") ("Proposed Extension of Time")

Contents: We refer to the approval letter dated 7 April 2010 from the Securities Commission ("SC") in relation to the Proposed SET Listing.

On behalf of the Company, we wish to announce that an application for an extension of time of six (6) months up to 6 April 2011 for CIMB to complete the Proposed SET Listing ("Proposed Extension of Time"), has been submitted to the SC and is currently pending the decision of the SC.

This announcement is dated 21 September 2010.


MVEST - MULTI VEST RESOURCES BERHAD ("MVest" or "the Company")

Announcement Type: General Announcement
Submitting Merchant Bank: MIDF AMANAH INVESTMENT BANK BERHAD
Company Name: MULTI VEST RESOURCES BERHAD
Stock Name: MVEST
Date Announced: 21/09/2010

Announcement Detail:
Type: Announcement

Subject: MULTI VEST RESOURCES BERHAD ("MVest" or "the Company")

Contents: (i) Proposed Capital Reduction;

(ii) Proposed ESOS;

(iii) Proposed Amendments to the Memorandum and Articles of Association of MVest; and

(iv) Proposed Change of Name.

(Collectively referred to as the "Proposals")

Attachments: Draft announcement MVest 210910.pdf


INSAS - INSAS BERHAD ("INSAS" OR "COMPANY") PROPOSED DISPOSAL OF SIMFONI BISTARI SDN BHD

Announcement Type: General Announcement
Company Name: INSAS BERHAD
Stock Name: INSAS
Date Announced: 21/09/2010

Announcement Detail:
Type: Announcement

Subject: INSAS BERHAD ("INSAS" OR "COMPANY")
PROPOSED DISPOSAL OF SIMFONI BISTARI SDN BHD

Contents: 1. INTRODUCTION

The Board of Directors of Insas ("Board") is pleased to announce that Insas Technology Berhad ("ITB"), a wholly-owned subsidiary company of Insas, had on 21 September 2010 entered into a sale and purchase agreement with Inari Berhad ("Inari"), a 42.43% associate company of ITB, for the proposed disposal of 2 ordinary shares of RM1.00 each representing 100% equity interest in Simfoni Bistari Sdn Bhd ("Simfoni") for a total cash consideration of RM1,000,000 ("Proposed Disposal").

2. DETAILS OF THE PROPOSED DISPOSAL

2.1 Proposed Disposal of Simfoni

Pursuant to the terms of the sale and purchase agreement, Inari shall acquire 2 ordinary shares of RM1 each representing 100% equity interest in Simfoni from ITB for a total cash consideration of RM1,000,000. In addition, Inari undertakes to repay the amount owing by Simfoni to ITB of RM10,000,000 ("Advance") in the following manner:

(i) RM2.45 million via the issue and allotment of 7,000,000 new ordinary shares of RM0.10 each in Inari ("Inari Shares") at the issue price of RM0.35 per Inari Share; and

(ii) RM7.55 million payable over a period of 12 months subject to interest payment at the rate of 8% per annum on any outstanding Advance until the date of full repayment.

2.2 Information on Simfoni

Simfoni was incorporated in Malaysia on 18 February 2003 as a private limited company under the Companies Act 1965. The authorised share capital of Simfoni is RM100,000 comprising 100,000 ordinary shares of RM1 each, of which 2 ordinary shares of RM1 each are issued and fully paid-up. Simfoni is presently a wholly-owned subsidiary company of ITB. The principal activity of Simfoni is property investment holding and letting out of property.

Simfoni is the registered owner of a leasehold land erected thereon with a 3-storey detached factory-cum-office building located at No. 51, Hilir Sungai Keluang 4, Bayan Lepas Free Industrial Zone Phase 4, 11900 Bayan Lepas, Penang ("the Property"). The total build up area of the office and factory building is approximately 6,119 square meters.

The Property is currently leased by Simfoni to Inari Technology Sdn Bhd ("Inari Technology"), a wholly owned subsidiary company of Inari.

2.3 Information on Inari

Inari was incorporated in Malaysia on 5 May 2010 as a public limited company under the Companies Act, 1965. As at the date of this announcement, Inari has an authorised share capital of RM50,000,000 comprising 500,000,000 ordinary shares of RM0.10 each, of which 241,608,700 ordinary shares of RM0.10 each have been issued and fully paid-up. Inari is presently a 42.43% associate company of ITB. The principal activity of Inari is investment holding.

Inari has a wholly owned subsidiary, Inari Technology, which is principally involved in the production of wireless microwave telecommunication products, wireless broadcast cards and provision of electronic manufacturing services.

It is the intention of Inari to undertake an initial public offering ("IPO"), listing and quotation of its shares on the ACE Market of Bursa Malaysia Securities Berhad.

2.4 Basis of arriving at the disposal consideration

The disposal consideration of RM1,000,000 was arrived at on a willing-buyer willing-seller basis after taking into consideration, inter-alia, the audited net tangible assets of Simfoni of RM0.26 million as at 31 March 2010 and the market value of the Property of RM11.7 million based on independent valuation carried out by Messrs Henry Butcher, an independent registered valuer on 4 June 2010.

2.5 Basis of determining the issue price of Inari Share

The issue price of RM0.35 for the 7,000,000 new Inari Shares to be issued by Inari to ITB is based on the indicative price per Inari Share under the proposed IPO. The new Inari Shares to be issued pursuant to the Proposed Disposal shall, upon allotment and issue, rank pari passu in all respects with the existing Inari Shares.

3. RATIONALE FOR THE PROPOSED DISPOSAL

The Proposed Disposal is to streamline the corporate structure of Inari to facilitate the proposed IPO, listing and quotation of Inari Shares on the ACE Market of Bursa Securities.

4. EFFECTS OF THE PROPOSED DISPOSAL

4.1 Share capital and substantial shareholders

The Proposed Disposal will not have any effect on the issued and paid-up share capital and the shareholdings of the substantial shareholders of Insas.

4.2 Earnings, net assets and gearing

The Proposed Disposal is expected to result in a gain on disposal of RM0.74 million for Insas for the year ending 30 June 2011.

The Proposed Disposal is not expected to have any material effects on the future earnings, net assets and gearing position of Insas.

5. CONDITIONS OF THE PROPOSED DISPOSAL

The Proposed Disposal is not subject to the approval of the shareholders of Insas. The highest percentage ratio applicable to the Proposed Disposal pursuant to Paragraph 10.02(g) of the Main Market Lasting Requirements of Bursa Malaysia Securities Berhad is 1.42%.

6. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders of Insas and any persons connected with them have any interest, direct or indirect in the Proposed Disposal.

7. DIRECTORS' STATEMENT

Having considered all aspects of the Proposed Disposal, the Directors of Insas are of the opinion that the Proposed Disposal are in the best interest of Insas.

8. OTHER MATTERS

Barring any unforeseen circumstances, the Proposed Disposal is expected to be completed during September 2010.

This announcement is dated 21 September 2010.


MISC - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: MISC BERHAD
Stock Name: MISC
Date Announced: 21/09/2010

Announcement Detail:
Type: Announcement

Subject: MISC BERHAD ("MISC")

EXTRAORDINARY GENERAL MEETING ("EGM") IN RELATION TO THE:

PROPOSED LISTING OF MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD (FORMERLY KNOWN AS MSE HOLDINGS BERHAD), A WHOLLY-OWNED SUBSIDIARY OF MISC, ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD

Contents: On behalf of the Board of Directors of MISC, Maybank Investment Bank Berhad wishes to announce that the ordinary resolutions as set out in the Notice of EGM dated 3 September 2010 and tabled at the EGM of MISC held earlier today were duly approved by the shareholders of MISC.

This announcement is dated 21 September 2010.


SIME - Sime Darby Berhad Production figures for the month of August 2010

Announcement Type: General Announcement
Company Name: SIME DARBY BERHAD
Stock Name: SIME
Date Announced: 21/09/2010

Announcement Detail:
Type: Announcement

Subject: Sime Darby Berhad
Production figures for the month of August 2010

Contents: The production figures of the Sime Darby Berhad Group for the month of August 2010 are set out in Table 1 below.

This announcement is dated 21 September 2010.



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