FBMKLCI-EA - FBM KLCI etf - Valuation Point as at 7 October 2010
Announcement Type: General Announcement
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 07/10/2010
Announcement Detail:
Type: Announcement
Subject: FBM KLCI etf - Valuation Point as at 7 October 2010
Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.4904
Units in circulation (units): 3,344,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,481.45
Attachments: FBM KLCI etf 20101007.xls
Company Name: FTSE BURSA MALAYSIA KLCI ETF
Stock Name: FBMKLCI-EA
Date Announced: 07/10/2010
Announcement Detail:
Type: Announcement
Subject: FBM KLCI etf - Valuation Point as at 7 October 2010
Contents: Fund: FBM KLCI etf
NAV per unit (RM): 1.4904
Units in circulation (units): 3,344,000
Manager's Fee (% p.a): 0.50
Trustee Fee (% p.a): 0.06
License Fee (% p.a): 0.04
FTSE Bursa Malaysia KLCI Index: 1,481.45
Attachments: FBM KLCI etf 20101007.xls
MMCCORP - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 07/10/2010
Announcement Detail:
Type: Announcement
Subject: Arbitration proceedings by Prai Power Sdn. Bhd. ("PPSB"), a wholly-owned subsidiary of Malakoff Corporation Berhad, MMC's 51%-owned subsidiary, against Tenaga Nasional Berhad ("TNB")
Contents: We refer to our announcement dated 18 February 2008 in respect of the above matter.
MMC wishes to announce that PPSB had on 7 October 2010, received the award of the arbitration, which direct as follows:-
(i) That PPSB's claim of RM11,863,061.15 fails and is dismissed save for RM2,352,311.46 which is allowed together with interest;
(ii) That PPSB's claim of RM102,955,752.86 and the alternative claim of RM51,583,580.91 fail and are dismissed;
(iii) That TNB's counterclaim amounting to RM12,700,829.76 succeeds in substantial part and PPSB shall pay TNB the sum of RM10,160,663.80 together with interest thereon;
(iv) That PPSB shall pay in full the fees and travel and other expenses for the Tribunal fixed at USD519,997.36 and the reasonable expenses and administrative charges of Kuala Lumpur Regional Centre of Arbitration relating to the arbitration and TNB shall be entitled to recover from PPSB such portion of the abovementioned fees, expenses and charges as TNB has paid for; and
(v) That PPSB shall pay TNB's legal cost, expenses and disbursements of the arbitration in the amount of RM385,302.50 plus USD21,600.25.
The award of the arbitration is not expected to have any material impact on the earnings of MMC Group for the financial year ending 31 December 2010.
This announcement is dated 7 October 2010.
Submitting Merchant Bank: N/A
Company Name: MMC CORPORATION BERHAD
Stock Name: MMCCORP
Date Announced: 07/10/2010
Announcement Detail:
Type: Announcement
Subject: Arbitration proceedings by Prai Power Sdn. Bhd. ("PPSB"), a wholly-owned subsidiary of Malakoff Corporation Berhad, MMC's 51%-owned subsidiary, against Tenaga Nasional Berhad ("TNB")
Contents: We refer to our announcement dated 18 February 2008 in respect of the above matter.
MMC wishes to announce that PPSB had on 7 October 2010, received the award of the arbitration, which direct as follows:-
(i) That PPSB's claim of RM11,863,061.15 fails and is dismissed save for RM2,352,311.46 which is allowed together with interest;
(ii) That PPSB's claim of RM102,955,752.86 and the alternative claim of RM51,583,580.91 fail and are dismissed;
(iii) That TNB's counterclaim amounting to RM12,700,829.76 succeeds in substantial part and PPSB shall pay TNB the sum of RM10,160,663.80 together with interest thereon;
(iv) That PPSB shall pay in full the fees and travel and other expenses for the Tribunal fixed at USD519,997.36 and the reasonable expenses and administrative charges of Kuala Lumpur Regional Centre of Arbitration relating to the arbitration and TNB shall be entitled to recover from PPSB such portion of the abovementioned fees, expenses and charges as TNB has paid for; and
(v) That PPSB shall pay TNB's legal cost, expenses and disbursements of the arbitration in the amount of RM385,302.50 plus USD21,600.25.
The award of the arbitration is not expected to have any material impact on the earnings of MMC Group for the financial year ending 31 December 2010.
This announcement is dated 7 October 2010.
MUDAJYA-CA - MUDAJYA-CA-RESUMPTION OF TRADING
Announcement Type: Listing Circular
Name: MUDAJYA-CA: CW MUDAJAYA GROUP BERHAD (OSK)
Stock Name: MUDAJYA-CA
Date Announced: 07/10/2010
Announcement Detail:
Subject: MUDAJYA-CA-RESUMPTION OF TRADING
Contents: Further to Listing's Circular No. L/Q: 58708 OF 2010, kindly be advised that trading in MUDAJYA-CA will resume with effect from 9.00 a.m., Friday, 8 October 2010.
Your attention is drawn to Mudajaya Group Berhad's announcement dated 7 October 2010.
Name: MUDAJYA-CA: CW MUDAJAYA GROUP BERHAD (OSK)
Stock Name: MUDAJYA-CA
Date Announced: 07/10/2010
Announcement Detail:
Subject: MUDAJYA-CA-RESUMPTION OF TRADING
Contents: Further to Listing's Circular No. L/Q: 58708 OF 2010, kindly be advised that trading in MUDAJYA-CA will resume with effect from 9.00 a.m., Friday, 8 October 2010.
Your attention is drawn to Mudajaya Group Berhad's announcement dated 7 October 2010.
MUDAJYA-CB - MUDAJYA-CB-RESUMPTION OF TRADING
Announcement Type: Listing Circular
Name: MUDAJYA-CB: CW MUDAJAYA GROUP BERHAD (AM)
Stock Name: MUDAJYA-CB
Date Announced: 07/10/2010
Announcement Detail:
Subject: MUDAJYA-CB-RESUMPTION OF TRADING
Contents: Further to Listing's Circular No. L/Q: 58709 OF 2010, kindly be advised that trading in MUDAJYA-CB will resume with effect from 9.00 a.m., Friday, 8 October 2010.
Your attention is drawn to Mudajaya Group Berhad's announcement dated 7 October 2010.
Name: MUDAJYA-CB: CW MUDAJAYA GROUP BERHAD (AM)
Stock Name: MUDAJYA-CB
Date Announced: 07/10/2010
Announcement Detail:
Subject: MUDAJYA-CB-RESUMPTION OF TRADING
Contents: Further to Listing's Circular No. L/Q: 58709 OF 2010, kindly be advised that trading in MUDAJYA-CB will resume with effect from 9.00 a.m., Friday, 8 October 2010.
Your attention is drawn to Mudajaya Group Berhad's announcement dated 7 October 2010.
TENAGA - General Announcement
Announcement Type: General Announcement
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 07/10/2010
Announcement Detail:
Type: Announcement
Subject: Award issued by the Arbitral Tribunal in respect of the Arbitration Proceeding between Tenaga Nasional Berhad (TNB) and Prai Power Sdn. Bhd. (PPSB)
Contents: We refer to our announcement of 15 February 2008 on this matter.
On 28 March 2007, PPSB commenced arbitration proceedings against TNB for allegedly wrongfully deducting a sum of RM11,863,061.15 from available capacity payments due and payable to PPSB for the month of November 2006.
PPSB's claim was however subsequently amended with leave of the arbitral tribunal and an amended Statement of Claim was served on TNB on 15 February 2008 for RM113,713,227.03. It is PPSB's claim that the additional sum of RM101,850,165.88 is an amount that is payable by TNB to PPSB in respect of available capacity payments from June 2003 to October 2006. This additional sum of RM101,850,165.88 was then amended during the hearing to RM102,955,752.86 (with an alternative claim of RM51,583,580.91).
TNB's response is that such sum was legally deducted in accordance with the terms of the power purchase agreement between TNB and PPSB following the latter's failure to generate electricity for an extended period of time.
In addition, TNB had also filed in a counterclaim amounting to RM12,700,829.76 against PPSB in the matter. The RM12,700,829.76 amount arose from a reconciliation of calculations of available capacity payments that had been carried out by the parties, admitted but subsequently denied by PPSB.
Hearing and Award
The hearing of the matter was held at the Kuala Lumpur Regional Centre for Arbitration between 12 to 22 January 2009 and TNB have today received notification of the Award issued by the Arbitral Tribunal which directs as follows:
(a) Prai's claim of RM11,863,061.15 fails and is dismissed save for the sum of RM2,352,311.46 which is allowed together with interest;
(b) Prai's claim of RM102,955,752.86 and the alternative claim of RM51,583,580.91 fail and are dismissed;
(c) TNB's counterclaim amounting to RM12,700,829.76 succeeds in substantial part and Prai shall pay TNB the sum of RM10,160,663.80 together with interest thereon;
(d) Prai shall pay in full the fees and travel and other expenses for the Tribunal and the reasonable expenses and administrative charges of KLRCA relating to this arbitration and TNB shall be entitled to recover from Prai such portion of the abovementioned fees, expenses and charges as TNB has paid for; and
(e) Prai shall pay TNB's legal costs, expenses and disbursements in this arbitration.
This announcement is dated 7 October 2010.
Company Name: TENAGA NASIONAL BHD
Stock Name: TENAGA
Date Announced: 07/10/2010
Announcement Detail:
Type: Announcement
Subject: Award issued by the Arbitral Tribunal in respect of the Arbitration Proceeding between Tenaga Nasional Berhad (TNB) and Prai Power Sdn. Bhd. (PPSB)
Contents: We refer to our announcement of 15 February 2008 on this matter.
On 28 March 2007, PPSB commenced arbitration proceedings against TNB for allegedly wrongfully deducting a sum of RM11,863,061.15 from available capacity payments due and payable to PPSB for the month of November 2006.
PPSB's claim was however subsequently amended with leave of the arbitral tribunal and an amended Statement of Claim was served on TNB on 15 February 2008 for RM113,713,227.03. It is PPSB's claim that the additional sum of RM101,850,165.88 is an amount that is payable by TNB to PPSB in respect of available capacity payments from June 2003 to October 2006. This additional sum of RM101,850,165.88 was then amended during the hearing to RM102,955,752.86 (with an alternative claim of RM51,583,580.91).
TNB's response is that such sum was legally deducted in accordance with the terms of the power purchase agreement between TNB and PPSB following the latter's failure to generate electricity for an extended period of time.
In addition, TNB had also filed in a counterclaim amounting to RM12,700,829.76 against PPSB in the matter. The RM12,700,829.76 amount arose from a reconciliation of calculations of available capacity payments that had been carried out by the parties, admitted but subsequently denied by PPSB.
Hearing and Award
The hearing of the matter was held at the Kuala Lumpur Regional Centre for Arbitration between 12 to 22 January 2009 and TNB have today received notification of the Award issued by the Arbitral Tribunal which directs as follows:
(a) Prai's claim of RM11,863,061.15 fails and is dismissed save for the sum of RM2,352,311.46 which is allowed together with interest;
(b) Prai's claim of RM102,955,752.86 and the alternative claim of RM51,583,580.91 fail and are dismissed;
(c) TNB's counterclaim amounting to RM12,700,829.76 succeeds in substantial part and Prai shall pay TNB the sum of RM10,160,663.80 together with interest thereon;
(d) Prai shall pay in full the fees and travel and other expenses for the Tribunal and the reasonable expenses and administrative charges of KLRCA relating to this arbitration and TNB shall be entitled to recover from Prai such portion of the abovementioned fees, expenses and charges as TNB has paid for; and
(e) Prai shall pay TNB's legal costs, expenses and disbursements in this arbitration.
This announcement is dated 7 October 2010.
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