FRONTKN - Update on Litigation by a Subsidiary
Announcement Type: General Announcement
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Update on Litigation by a Subsidiary
Contents: Further to our announcement dated 25 August 2010, Frontken Corporation Berhad ("FCB" or "Company") wishes to announce that its subsidiary, Frontken Petroleum Sdn Bhd ("FPSB"), had on 5 October 2010 received, via its solicitors, the Defence and Counterclaim dated 4 October 2010 from SGL Carbons Sdn Bhd ("SGL").
In the said defence, SGL has denied the Statement of Claim and prayed that the claims be dismissed with costs. Further, SGL alleged that FPSB had breached the terms and conditions of the letter of award and its related agreements resulting in SGL suffering loss and damage, and therefore, is counter claiming against FPSB for special damages in the sum of RM1,617,633.09, general damages and/or liquidated damages in the sum of RM8,894,485.88 as at 6 September 2010 and still continuing, and interest at the rate of 8% per annum on daily rests from the date of filing of the counterclaim until full settlement.
FPSB, upon advice by its solicitors, believes the allegations in SGL's counterclaim are lack of merits and will take all appropriate actions to vigorously defend the counterclaim. Currently, the proceedings are at an early stage and the exchange of documents has yet to commence. As such, FCB is not in a position to accurately assess the financial impact of the counterclaim on the Company and its subsidiaries.
This announcement is dated 6 October 2010.
Company Name: FRONTKEN CORPORATION BERHAD
Stock Name: FRONTKN
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Update on Litigation by a Subsidiary
Contents: Further to our announcement dated 25 August 2010, Frontken Corporation Berhad ("FCB" or "Company") wishes to announce that its subsidiary, Frontken Petroleum Sdn Bhd ("FPSB"), had on 5 October 2010 received, via its solicitors, the Defence and Counterclaim dated 4 October 2010 from SGL Carbons Sdn Bhd ("SGL").
In the said defence, SGL has denied the Statement of Claim and prayed that the claims be dismissed with costs. Further, SGL alleged that FPSB had breached the terms and conditions of the letter of award and its related agreements resulting in SGL suffering loss and damage, and therefore, is counter claiming against FPSB for special damages in the sum of RM1,617,633.09, general damages and/or liquidated damages in the sum of RM8,894,485.88 as at 6 September 2010 and still continuing, and interest at the rate of 8% per annum on daily rests from the date of filing of the counterclaim until full settlement.
FPSB, upon advice by its solicitors, believes the allegations in SGL's counterclaim are lack of merits and will take all appropriate actions to vigorously defend the counterclaim. Currently, the proceedings are at an early stage and the exchange of documents has yet to commence. As such, FCB is not in a position to accurately assess the financial impact of the counterclaim on the Company and its subsidiaries.
This announcement is dated 6 October 2010.
MYETFDJ - MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 06-10-2010
Announcement Type: General Announcement
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 06-10-2010
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9023
Units in Circulation (units):687,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:807.07
Attachments: Daily Fund Values 061010.pdf
Company Name: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25
Stock Name: MYETFDJ
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: MYETF DOW JONES ISLAMIC MARKET MALAYSIA TITANS 25 - Valuation Point as at 06-10-2010
Contents: Fund:MYETFDJ
NAV per unit (RM):0.9023
Units in Circulation (units):687,000,000
Manager's Fee (%p.a):0.40
Trustee's Fee (%p.a):0.05
License Fee (%p.a):0.04
DJIM25 Index:807.07
Attachments: Daily Fund Values 061010.pdf
AMPROP - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Submitting Merchant Bank: N/A
Company Name: AMCORP PROPERTIES BERHAD
Stock Name: AMPROP
Date Announced: 06/10/2010
Announcement Detail:
Date of buy back: 06/10/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 30,000
Minimum price paid for each share purchased ($$): 0.400
Maximum price paid for each share purchased ($$): 0.400
Total consideration paid ($$): 12,087.60
Number of shares purchased retained in treasury (units): 30,000
Cumulative net outstanding treasury shares as at to-date (units): 783,300
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.14
Submitting Merchant Bank: N/A
Company Name: AMCORP PROPERTIES BERHAD
Stock Name: AMPROP
Date Announced: 06/10/2010
Announcement Detail:
Date of buy back: 06/10/2010
Description of shares purchased: Ordinary shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 30,000
Minimum price paid for each share purchased ($$): 0.400
Maximum price paid for each share purchased ($$): 0.400
Total consideration paid ($$): 12,087.60
Number of shares purchased retained in treasury (units): 30,000
Cumulative net outstanding treasury shares as at to-date (units): 783,300
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.14
IRCB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: INTEGRATED RUBBER CORPORATION BERHAD
Stock Name: IRCB
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: INTEGRATED RUBBER CORPORATION BERHAD ("IRCB" OR THE "COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(III) PROPOSED AMENDMENTS.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 1 July 2010 in relation to the Proposals.
We refer to the announcements dated 1 July 2010, 2 July 2010, 30 July 2010, 9 August 2010 and 10 August 2010, 11 August 2010, 1 September 2010 and 3 September 2010 in relation to the Proposals.
On behalf of the Board of Directors of IRCB, OSK Investment Bank Berhad wishes to announce that further to the announcement made on 1 September 2010, the High Court of Malaya at Kuala Lumpur ("High Court") has on 5 October 2010, at the hearing of the Summons for Directions in respect of the petition for the Proposed Capital Reduction ("Petition"), made the following orders:
(i) that Section 64(2) of the Companies Act, 1965, Rules 7 to 16 of the Companies (Reduction of Capital) Rules 1972 shall not be applicable to the exercise of the Proposed Capital Reduction and be dispensed with pursuant to Section 64(3) of the Companies Act, 1965 and Order 88 Rule 7(4) of the Rules of High Court 1980;
(ii) that the Notice of the Petition shall be advertised in the local daily, namely "New Straits Times" in English and "Berita Harian" in Bahasa Malaysia at least 7 days before the hearing of the Petition;
(iii) the hearing of the Petition under Section 64 of the Companies Act, 1965 shall be heard on 29 October 2010 at 8.30 am; and
(iv) the company be at liberty to apply.
This announcement is dated 6 October 2010.
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: INTEGRATED RUBBER CORPORATION BERHAD
Stock Name: IRCB
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: INTEGRATED RUBBER CORPORATION BERHAD ("IRCB" OR THE "COMPANY")
(I) PROPOSED CAPITAL REDUCTION;
(II) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(III) PROPOSED AMENDMENTS.
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Contents: The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the announcement dated 1 July 2010 in relation to the Proposals.
We refer to the announcements dated 1 July 2010, 2 July 2010, 30 July 2010, 9 August 2010 and 10 August 2010, 11 August 2010, 1 September 2010 and 3 September 2010 in relation to the Proposals.
On behalf of the Board of Directors of IRCB, OSK Investment Bank Berhad wishes to announce that further to the announcement made on 1 September 2010, the High Court of Malaya at Kuala Lumpur ("High Court") has on 5 October 2010, at the hearing of the Summons for Directions in respect of the petition for the Proposed Capital Reduction ("Petition"), made the following orders:
(i) that Section 64(2) of the Companies Act, 1965, Rules 7 to 16 of the Companies (Reduction of Capital) Rules 1972 shall not be applicable to the exercise of the Proposed Capital Reduction and be dispensed with pursuant to Section 64(3) of the Companies Act, 1965 and Order 88 Rule 7(4) of the Rules of High Court 1980;
(ii) that the Notice of the Petition shall be advertised in the local daily, namely "New Straits Times" in English and "Berita Harian" in Bahasa Malaysia at least 7 days before the hearing of the Petition;
(iii) the hearing of the Petition under Section 64 of the Companies Act, 1965 shall be heard on 29 October 2010 at 8.30 am; and
(iv) the company be at liberty to apply.
This announcement is dated 6 October 2010.
IRCB - General Announcement
Announcement Type: General Announcement
Company Name: INTEGRATED RUBBER CORPORATION BERHAD
Stock Name: IRCB
Date Announced: 06/10/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101004-43744
Subject: REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY DATED 5 OCTOBER 2010 (NE-101004-43744)
INTEGRATED RUBBER CORPORATION BERHAD ("IRCB" OR "THE COMPANY") - SALE OF PROPERTY
Contents: Reference is made to the query from Bursa Malaysia Securities Berhad dated 5 October 2010 in respect of the Company's announcement dated 1 October 2010 in relation to the above matter.
Query Letter content: We refer to your Company's announcement dated 1 October 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 :-
1. In respect of the valuation done on 27 January 2010, to state the
following:-
a) name of independent valuer;
b) method of valuation; and
c) quantification of market value.
2. Details of market value of the other properties that your Company has taken
into consideration in deriving at the disposal consideration;
3. Breakdown of the proposed utilisation of proceeds i.e. for working capital
and repayment of borrowings;
4. To quantify the total Group borrowings as at the latest date, net interest
saving per annum as a result of the repayment and reduction in gearing; and
5. To quantify the effects on earnings and net asset per share based on the net
gain of RM5.4 million.
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
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
Company Name: INTEGRATED RUBBER CORPORATION BERHAD
Stock Name: IRCB
Date Announced: 06/10/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101004-43744
Subject: REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY DATED 5 OCTOBER 2010 (NE-101004-43744)
INTEGRATED RUBBER CORPORATION BERHAD ("IRCB" OR "THE COMPANY") - SALE OF PROPERTY
Contents: Reference is made to the query from Bursa Malaysia Securities Berhad dated 5 October 2010 in respect of the Company's announcement dated 1 October 2010 in relation to the above matter.
Query Letter content: We refer to your Company's announcement dated 1 October 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 :-
1. In respect of the valuation done on 27 January 2010, to state the
following:-
a) name of independent valuer;
b) method of valuation; and
c) quantification of market value.
2. Details of market value of the other properties that your Company has taken
into consideration in deriving at the disposal consideration;
3. Breakdown of the proposed utilisation of proceeds i.e. for working capital
and repayment of borrowings;
4. To quantify the total Group borrowings as at the latest date, net interest
saving per annum as a result of the repayment and reduction in gearing; and
5. To quantify the effects on earnings and net asset per share based on the net
gain of RM5.4 million.
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
HTH/NAE
c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)
E&O - General Announcement
Announcement Type: General Announcement
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Eastern & Oriental Berhad ("E&O")
Directors' Disclosure of Dealing in Securities Outside Closed Period
Contents: We wish to inform that Dato' Tham Ka Hon, the Managing Director of E&O has given notice of his dealings in the Company's securities as set out below:-
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Eastern & Oriental Berhad ("E&O")
Directors' Disclosure of Dealing in Securities Outside Closed Period
Contents: We wish to inform that Dato' Tham Ka Hon, the Managing Director of E&O has given notice of his dealings in the Company's securities as set out below:-
LIONIND - Dealings in Securities by Principal Officers Outside Closed Period
Announcement Type: General Announcement
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers Outside Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, a principal officer of the Company has dealt in the securities of the Company as set out in Table 1 hereunder.
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers Outside Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, a principal officer of the Company has dealt in the securities of the Company as set out in Table 1 hereunder.
PENERGY - Notice of Award from Murphy Sabah Oil Co. Ltd
Announcement Type: General Announcement
Company Name: PETRA ENERGY BERHAD
Stock Name: PENERGY
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Award from Murphy Sabah Oil Co. Ltd
Contents: Petra Energy Berhad ("PEB" or "the Company") is pleased to announce that Petra Resources Sdn Bhd ("PRSB"), a wholly-owned subsidiary of PEB, had received a Notice of Award from Murphy Sabah Oil Co. Ltd ("Murphy") for the provision of maintenance and repair services for rotating equipment for Murphy's operations ("the Contract").
The duration of the Contract is three (3) years effective from 3 September 2010 with two (2) options to extend the duration of the Contract for a further period of one (1) year each. PRSB estimates the total value of the Contract to be approximately RM12 million over the primary period of the Contract.
Effects of the Contract
The effects of the Contract on PEB Group are as set out below:-
(a) Share Capital and Substantial Shareholdings
The Contract does not have any effect on the issued and paid-up share capital of PEB or the shareholdings of PEB's substantial shareholders.
(b) Earnings, Net Assets and Gearing
The Contract is expected to contribute positively to the earnings and net assets of PEB Group for the financial year ending 31 December 2010 and the subsequent financial periods within the duration of the Contract.
The Contract is not expected to have any material effect on the gearing of PEB Group for the duration of the Contract as funding for the Contract is expected to be internally generated.
Risks in relation to the Contract
The risks in relation to the Contract are the normal engineering construction risks, which are manageable as per the normal oil and gas project management practices.
Directors' and Major Shareholders' Interest
None of the Directors, major shareholders of PEB or its subsidiaries and/or persons connected with them has any interest, direct or indirect, in the Contract.
Company Name: PETRA ENERGY BERHAD
Stock Name: PENERGY
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: Notice of Award from Murphy Sabah Oil Co. Ltd
Contents: Petra Energy Berhad ("PEB" or "the Company") is pleased to announce that Petra Resources Sdn Bhd ("PRSB"), a wholly-owned subsidiary of PEB, had received a Notice of Award from Murphy Sabah Oil Co. Ltd ("Murphy") for the provision of maintenance and repair services for rotating equipment for Murphy's operations ("the Contract").
The duration of the Contract is three (3) years effective from 3 September 2010 with two (2) options to extend the duration of the Contract for a further period of one (1) year each. PRSB estimates the total value of the Contract to be approximately RM12 million over the primary period of the Contract.
Effects of the Contract
The effects of the Contract on PEB Group are as set out below:-
(a) Share Capital and Substantial Shareholdings
The Contract does not have any effect on the issued and paid-up share capital of PEB or the shareholdings of PEB's substantial shareholders.
(b) Earnings, Net Assets and Gearing
The Contract is expected to contribute positively to the earnings and net assets of PEB Group for the financial year ending 31 December 2010 and the subsequent financial periods within the duration of the Contract.
The Contract is not expected to have any material effect on the gearing of PEB Group for the duration of the Contract as funding for the Contract is expected to be internally generated.
Risks in relation to the Contract
The risks in relation to the Contract are the normal engineering construction risks, which are manageable as per the normal oil and gas project management practices.
Directors' and Major Shareholders' Interest
None of the Directors, major shareholders of PEB or its subsidiaries and/or persons connected with them has any interest, direct or indirect, in the Contract.
SUNCITY - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY CITY BERHAD ("SCB")
PROPOSED ACQUISITION BY SCB OF 9.6 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUNWAY RESORT HOTEL SDN BHD ("SRH") REPRESENTING 48% EQUITY INTEREST IN SRH FROM RECO RESORT HOTEL (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM12.144 MILLION, SUBJECT TO POST-CLOSING WORKING CAPITAL ADJUSTMENT ("PROPOSED ACQUISITION OF SRH")
Contents: SUNWAY CITY BERHAD ("SCB")
PROPOSED ACQUISITION BY SCB OF 9.6 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUNWAY RESORT HOTEL SDN BHD ("SRH") REPRESENTING 48% EQUITY INTEREST IN SRH FROM RECO RESORT HOTEL (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM12.144 MILLION, SUBJECT TO POST-CLOSING WORKING CAPITAL ADJUSTMENT ("PROPOSED ACQUISITION OF SRH")
Reference is made to the announcement dated 12 July 2010 in relation to, amongst others, the Proposed Acquisition of SRH.
On behalf of the Board of Directors of SCB, Maybank Investment Bank Berhad is pleased to announce that the Proposed Acquisition of SRH was completed on 6 October 2010 upon fulfillment of all the conditions precedent.
This announcement is dated 6 October 2010.
Submitting Merchant Bank: MAYBANK INVESTMENT BANK BERHAD
Company Name: SUNWAY CITY BERHAD
Stock Name: SUNCITY
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY CITY BERHAD ("SCB")
PROPOSED ACQUISITION BY SCB OF 9.6 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUNWAY RESORT HOTEL SDN BHD ("SRH") REPRESENTING 48% EQUITY INTEREST IN SRH FROM RECO RESORT HOTEL (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM12.144 MILLION, SUBJECT TO POST-CLOSING WORKING CAPITAL ADJUSTMENT ("PROPOSED ACQUISITION OF SRH")
Contents: SUNWAY CITY BERHAD ("SCB")
PROPOSED ACQUISITION BY SCB OF 9.6 MILLION ORDINARY SHARES OF RM1.00 EACH IN SUNWAY RESORT HOTEL SDN BHD ("SRH") REPRESENTING 48% EQUITY INTEREST IN SRH FROM RECO RESORT HOTEL (M) SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM12.144 MILLION, SUBJECT TO POST-CLOSING WORKING CAPITAL ADJUSTMENT ("PROPOSED ACQUISITION OF SRH")
Reference is made to the announcement dated 12 July 2010 in relation to, amongst others, the Proposed Acquisition of SRH.
On behalf of the Board of Directors of SCB, Maybank Investment Bank Berhad is pleased to announce that the Proposed Acquisition of SRH was completed on 6 October 2010 upon fulfillment of all the conditions precedent.
This announcement is dated 6 October 2010.
BERNAS - General Announcement
Announcement Type: General Announcement
Company Name: PADIBERAS NASIONAL BERHAD
Stock Name: BERNAS
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: CIVIL SUIT BY RAHMAN BIN SAMUD & 242 OTHERS ("the Plaintiffs") AGAINST PADIBERAS NASIONAL BERHAD ("the Company")
Contents: Referring to our previous announcement dated 6 August 2010, the Company wishes to announce that the Court has fixed 15 December 2010 for case management pending the disposal of the appeal in the Court of Appeal in relation to the civil suit filed by Zainon Binti Ahmad & 690 others against the Company.
The Company will announce further development on the above.
Company Name: PADIBERAS NASIONAL BERHAD
Stock Name: BERNAS
Date Announced: 06/10/2010
Announcement Detail:
Type: Announcement
Subject: CIVIL SUIT BY RAHMAN BIN SAMUD & 242 OTHERS ("the Plaintiffs") AGAINST PADIBERAS NASIONAL BERHAD ("the Company")
Contents: Referring to our previous announcement dated 6 August 2010, the Company wishes to announce that the Court has fixed 15 December 2010 for case management pending the disposal of the appeal in the Court of Appeal in relation to the civil suit filed by Zainon Binti Ahmad & 690 others against the Company.
The Company will announce further development on the above.
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