IJM - Acquisition of Additional Shares in CIDB Inventures Sdn Bhd and Swarna Tollway Private Limited
Announcement Type: General Announcement
Company Name: IJM CORPORATION BERHAD
Stock Name: IJM
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: Acquisition of Additional Shares in CIDB Inventures Sdn Bhd and Swarna Tollway Private Limited
Contents: The Company has on 5 October 2010 entered into Agreements for Sale & Purchase of Shares with the following vendors to acquire their shares in CIDB Inventures Sdn Bhd ("CIDBI") for a total consideration of RM27,411,836:-
a) WCT (Overseas) Sdn Bhd ("WCT (Overseas)") - 1,534,629 ordinary shares of RM1 each ("Ordinary Shares"), representing 15.35% of the issued and paid up ordinary share capital ("Ordinary Share Capital") of CIDBI, and 179,274 redeemable preference shares of RM1 each ("RPS"), representing 15.35% of the issued and paid up preference share capital ("Preference Share Capital") of CIDBI, for a consideration of RM9,455,462; and
b) MTD Capital Bhd ("MTD") - 2,914,329 Ordinary Shares, representing 29.14% of the Ordinary Share Capital of CIDBI, and 340,450 RPS, representing 29.15% of the Preference Share Capital of CIDBI, for a consideration of RM17,956,374.
In addition, IJMII (Mauritius) Limited ("IJMII"), a wholly-owned subsidiary of IJM Investments (M) Limited, which in turn is a wholly-owned subsidiary of the Company, has on the same day entered into Agreements for Sale & Purchase of Shares with the following vendors to acquire their shares in Swarna Tollway Private Limited ("STPL") for a total consideration of USD21,343,534 (about RM66 million):-
a) WCT (Offshore) Private Limited ("WCT (Offshore)") - 42,500,000 ordinary shares of INR10 each ("INR Ordinary Shares"), representing 17% of the Ordinary Share Capital of STPL, and 4,490,000 9% cumulative redeemable preference shares of INR10 each ("INR RPS"), representing 22.45% of the Preference Share Capital of STPL, for a consideration of USD12,958,469 (about RM40 million); and
b) International MTDCap (Mauritius) Limited ("International MTD") - 27,500,000 INR Ordinary Shares, representing 11% of the Ordinary Share Capital of STPL, and 2,906,000 INR Preference Shares, representing 14.53% of the Preference Share Capital of STPL, for a consideration of USD8,385,065 (about RM26 million).
STPL is the concessionaire company implementing the Swarna Tollway Project ("the Project") in Andhra Pradesh, India, which was completed in 2004. STPL has a 30-year concession expiring in September 2031 to collect toll on two (2) road sections in Andhra Pradesh; that is, Tada to Nellore Section (km 52.8 to km 163.6) on National Highway (NH-5) and Nandigama to Ibrahimpatnam Section (km 217 to km 252) on National Highway (NH-9).
With the acquisition, the effective interests of the Company in CIDBI and STPL will increase to 78.14% and 76.44% respectively.
WCT (Offshore) is an indirect wholly-owned subsidiary of WCT Overseas, which in turn is a wholly-owned subsidiary of WCT Berhad ("WCT"), and International MTD is a wholly-owned subsidiary of MTD Equity Sdn Bhd, which in turn is a wholly-owned subsidiary of MTD. WCT and MTD are companies listed on the Main Market of Bursa Malaysia Securities Berhad.
The total consideration of the acquisition of shares in CIDBI and STPL was arrived at on a willing-buyer-willing-seller basis after taking into consideration the discounted future cash flows of the Project and the premium paid for the RPS of CIDBI.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the acquisition. No approval of shareholders is required, but the acquisition of INR Ordinary Shares and INR RPS require the approval of the National Highway Authority of India. The transaction will not have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 March 2011.
Company Name: IJM CORPORATION BERHAD
Stock Name: IJM
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: Acquisition of Additional Shares in CIDB Inventures Sdn Bhd and Swarna Tollway Private Limited
Contents: The Company has on 5 October 2010 entered into Agreements for Sale & Purchase of Shares with the following vendors to acquire their shares in CIDB Inventures Sdn Bhd ("CIDBI") for a total consideration of RM27,411,836:-
a) WCT (Overseas) Sdn Bhd ("WCT (Overseas)") - 1,534,629 ordinary shares of RM1 each ("Ordinary Shares"), representing 15.35% of the issued and paid up ordinary share capital ("Ordinary Share Capital") of CIDBI, and 179,274 redeemable preference shares of RM1 each ("RPS"), representing 15.35% of the issued and paid up preference share capital ("Preference Share Capital") of CIDBI, for a consideration of RM9,455,462; and
b) MTD Capital Bhd ("MTD") - 2,914,329 Ordinary Shares, representing 29.14% of the Ordinary Share Capital of CIDBI, and 340,450 RPS, representing 29.15% of the Preference Share Capital of CIDBI, for a consideration of RM17,956,374.
In addition, IJMII (Mauritius) Limited ("IJMII"), a wholly-owned subsidiary of IJM Investments (M) Limited, which in turn is a wholly-owned subsidiary of the Company, has on the same day entered into Agreements for Sale & Purchase of Shares with the following vendors to acquire their shares in Swarna Tollway Private Limited ("STPL") for a total consideration of USD21,343,534 (about RM66 million):-
a) WCT (Offshore) Private Limited ("WCT (Offshore)") - 42,500,000 ordinary shares of INR10 each ("INR Ordinary Shares"), representing 17% of the Ordinary Share Capital of STPL, and 4,490,000 9% cumulative redeemable preference shares of INR10 each ("INR RPS"), representing 22.45% of the Preference Share Capital of STPL, for a consideration of USD12,958,469 (about RM40 million); and
b) International MTDCap (Mauritius) Limited ("International MTD") - 27,500,000 INR Ordinary Shares, representing 11% of the Ordinary Share Capital of STPL, and 2,906,000 INR Preference Shares, representing 14.53% of the Preference Share Capital of STPL, for a consideration of USD8,385,065 (about RM26 million).
STPL is the concessionaire company implementing the Swarna Tollway Project ("the Project") in Andhra Pradesh, India, which was completed in 2004. STPL has a 30-year concession expiring in September 2031 to collect toll on two (2) road sections in Andhra Pradesh; that is, Tada to Nellore Section (km 52.8 to km 163.6) on National Highway (NH-5) and Nandigama to Ibrahimpatnam Section (km 217 to km 252) on National Highway (NH-9).
With the acquisition, the effective interests of the Company in CIDBI and STPL will increase to 78.14% and 76.44% respectively.
WCT (Offshore) is an indirect wholly-owned subsidiary of WCT Overseas, which in turn is a wholly-owned subsidiary of WCT Berhad ("WCT"), and International MTD is a wholly-owned subsidiary of MTD Equity Sdn Bhd, which in turn is a wholly-owned subsidiary of MTD. WCT and MTD are companies listed on the Main Market of Bursa Malaysia Securities Berhad.
The total consideration of the acquisition of shares in CIDBI and STPL was arrived at on a willing-buyer-willing-seller basis after taking into consideration the discounted future cash flows of the Project and the premium paid for the RPS of CIDBI.
None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the acquisition. No approval of shareholders is required, but the acquisition of INR Ordinary Shares and INR RPS require the approval of the National Highway Authority of India. The transaction will not have any significant effect on the earnings or net assets per share of the Company for the financial year ending 31 March 2011.
E&O - Eastern & Oriental Berhad Article in The Star, 5 October 2010, "2 foreign firms make PTC list"
Announcement Type: General Announcement
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: Eastern & Oriental Berhad
Article in The Star, 5 October 2010, "2 foreign firms make PTC list"
Contents: The article in The Star, 5 October 2010 entitled "2 foreign firms make PTC list" refers.
Eastern & Oriental Berhad's (E&O) comments in the article were in response to an enquiry from The Star, seeking confirmation that E&O had submitted a bid relating to the Penang Turf Club land as reported in the New Straits Times on 4 October 2010 (article entitled "Penang Turf Club in land sale bid").
In the interest of transparency, E&O confirmed that it had submitted a bid in relation to the said land via an emailed response stating "Eastern & Oriental Berhad has submitted a bid in relation to the Penang Turf Club land. Details are restricted by the confidentiality requirements of the competitive bidding process."
No other comments were made to The Star.
Company Name: EASTERN & ORIENTAL BERHAD
Stock Name: E&O
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: Eastern & Oriental Berhad
Article in The Star, 5 October 2010, "2 foreign firms make PTC list"
Contents: The article in The Star, 5 October 2010 entitled "2 foreign firms make PTC list" refers.
Eastern & Oriental Berhad's (E&O) comments in the article were in response to an enquiry from The Star, seeking confirmation that E&O had submitted a bid relating to the Penang Turf Club land as reported in the New Straits Times on 4 October 2010 (article entitled "Penang Turf Club in land sale bid").
In the interest of transparency, E&O confirmed that it had submitted a bid in relation to the said land via an emailed response stating "Eastern & Oriental Berhad has submitted a bid in relation to the Penang Turf Club land. Details are restricted by the confidentiality requirements of the competitive bidding process."
No other comments were made to The Star.
KEURO - KUMPULAN EUROPLUS BERHAD ("KEURO" or the "Company") DISPOSAL OF SHARES IN TALAM CORPORATION BERHAD
Announcement Type: General Announcement
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: KUMPULAN EUROPLUS BERHAD ("KEURO" or the "Company")
DISPOSAL OF SHARES IN TALAM CORPORATION BERHAD
Contents: The Board of Directors of KEURO wishes to announce that KEURO has, on 5 October 2010, disposed of 10,909,090 ordinary shares of RM0.20 each, representing 0.35% of the total voting shares capital of Talam Corporation Berhad for a total net proceeds of RM1,198,039.90, pursuant to approval obtained from shareholders at the Extraordinary General Meeting held on 12 July 2010. The shares arose from recent conversion of Redeemable Convertible Secured Loan Stock-D which were acquired on 9 September 2010, pursuant to approval obtained from shareholders at the Extraordinary General Meeting held on 4 November 2009.
Attachments: Announcement - disposal of 10.91M new TCB shares.doc
Company Name: KUMPULAN EUROPLUS BERHAD
Stock Name: KEURO
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: KUMPULAN EUROPLUS BERHAD ("KEURO" or the "Company")
DISPOSAL OF SHARES IN TALAM CORPORATION BERHAD
Contents: The Board of Directors of KEURO wishes to announce that KEURO has, on 5 October 2010, disposed of 10,909,090 ordinary shares of RM0.20 each, representing 0.35% of the total voting shares capital of Talam Corporation Berhad for a total net proceeds of RM1,198,039.90, pursuant to approval obtained from shareholders at the Extraordinary General Meeting held on 12 July 2010. The shares arose from recent conversion of Redeemable Convertible Secured Loan Stock-D which were acquired on 9 September 2010, pursuant to approval obtained from shareholders at the Extraordinary General Meeting held on 4 November 2009.
Attachments: Announcement - disposal of 10.91M new TCB shares.doc
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: 05/10/2010
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: 05/10/2010
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.
SUNWAY - General Announcement
Announcement Type: General Announcement
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY")
- MEMORANDUM OF UNDERSTANDING BETWEEN SUNWAY AND XUANCHENG MUNICIPAL GOVERNMENT
Contents: We refer to our announcements dated 10 May 2010 and 3 September 2010 in relation to the Memorandum of Understanding ("MOU") entered into between Sunway and XuanCheng Municipal Government on 6 May 2010.
We wish to inform that the MOU has expired today and the Board of Sunway does not intend to enter into any definitive agreement in the immediate future.
This announcement is dated 5 October 2010.
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY")
- MEMORANDUM OF UNDERSTANDING BETWEEN SUNWAY AND XUANCHENG MUNICIPAL GOVERNMENT
Contents: We refer to our announcements dated 10 May 2010 and 3 September 2010 in relation to the Memorandum of Understanding ("MOU") entered into between Sunway and XuanCheng Municipal Government on 6 May 2010.
We wish to inform that the MOU has expired today and the Board of Sunway does not intend to enter into any definitive agreement in the immediate future.
This announcement is dated 5 October 2010.
HLCAP - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Date of change: 05/10/2010
Type of change: Resignation
Designation: Secretary
License no.: MAICSA 7005095
Name: Moh Suat Moi
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Date of change: 05/10/2010
Type of change: Resignation
Designation: Secretary
License no.: MAICSA 7005095
Name: Moh Suat Moi
HLCAP - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Date of change: 05/10/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: LS 000431
Name: Lim Yew Yoke
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Date of change: 05/10/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: LS 000431
Name: Lim Yew Yoke
HLCAP - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Date of change: 05/10/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: MIA 6965
Name: Lau Chin Wee
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Date of change: 05/10/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: MIA 6965
Name: Lau Chin Wee
HLCAP - Change of Address
Announcement Type: Change of Address
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Change description: Registered
Old address: Level 8, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
New address: Level 10, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
Telephone no: 03-21641818
Facsimile no: 03-21642476
Effective date: 05/10/2010
Remark: This announcement is dated 5 October 2010.
Company Name: HLG CAPITAL BERHAD
Stock Name: HLCAP
Date Announced: 05/10/2010
Announcement Detail:
Change description: Registered
Old address: Level 8, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
New address: Level 10, Wisma Hong Leong, 18 Jalan Perak, 50450 Kuala Lumpur
Telephone no: 03-21641818
Facsimile no: 03-21642476
Effective date: 05/10/2010
Remark: This announcement is dated 5 October 2010.
KOMARK - General Announcement
Announcement Type: General Announcement
Company Name: KOMARKCORP BERHAD
Stock Name: KOMARK
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: KOMARKCORP BERHAD ("Komarkcorp")
- Notice of the Fourteenth Annual General Meeting ("14th AGM") to be held on 28 October 2010
Contents: We wish to inform the Exchange that the 14th AGM of Komarkcorp will be held at Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur on Thursday,
28 October 2010 at 2.30 p.m.
Please refer to the attached file for the Notice of the 14th AGM, which will be advertised in the press on 6 October 2010.
This announcement is dated 5 October 2010.
Attachments: Notice of 14th AGM 2010.pdf
Company Name: KOMARKCORP BERHAD
Stock Name: KOMARK
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: KOMARKCORP BERHAD ("Komarkcorp")
- Notice of the Fourteenth Annual General Meeting ("14th AGM") to be held on 28 October 2010
Contents: We wish to inform the Exchange that the 14th AGM of Komarkcorp will be held at Langkawi Room, Bukit Jalil Golf & Country Resort, Jalan 3/155B, Bukit Jalil, 57000 Kuala Lumpur on Thursday,
28 October 2010 at 2.30 p.m.
Please refer to the attached file for the Notice of the 14th AGM, which will be advertised in the press on 6 October 2010.
This announcement is dated 5 October 2010.
Attachments: Notice of 14th AGM 2010.pdf
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