LIONIND - Dealings in Securities by Principal Officers during Closed Period
Announcement Type: General Announcement
Company Name: LION INDUSTRIES CORPORATION BERHAD
Stock Name: LIONIND
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers during Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the principal officers of the Company have 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: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officers during Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the principal officers of the Company have 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: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY" OR "THE ISSUER")
- PROPOSED ISSUANCE OF UP TO RM500.0 MILLION IN NOMINAL VALUE OF COMMERCIAL PAPERS AND/OR MEDIUM TERM NOTES UNDER A COMMERCIAL PAPER/MEDIUM TERM NOTE PROGRAMME ("CP/MTN PROGRAMME")
Contents: In connection with the announcement dated 21 September 2010, Sunway is pleased to announce that the approval from the Securities Commission ("SC") on the proposed CP/MTN Programme has been obtained vide SC's letter dated 25 October 2010, which was received on 26 October 2010, subject to the terms and conditions stated therein.
The salient terms of the proposed CP/MTN Programme are set out in Table 1 below.
This announcement is dated 26 October 2010.
Company Name: SUNWAY HOLDINGS BERHAD
Stock Name: SUNWAY
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: SUNWAY HOLDINGS BERHAD ("SUNWAY" OR "THE ISSUER")
- PROPOSED ISSUANCE OF UP TO RM500.0 MILLION IN NOMINAL VALUE OF COMMERCIAL PAPERS AND/OR MEDIUM TERM NOTES UNDER A COMMERCIAL PAPER/MEDIUM TERM NOTE PROGRAMME ("CP/MTN PROGRAMME")
Contents: In connection with the announcement dated 21 September 2010, Sunway is pleased to announce that the approval from the Securities Commission ("SC") on the proposed CP/MTN Programme has been obtained vide SC's letter dated 25 October 2010, which was received on 26 October 2010, subject to the terms and conditions stated therein.
The salient terms of the proposed CP/MTN Programme are set out in Table 1 below.
This announcement is dated 26 October 2010.
ANCOM - Quarterly rpt on consolidated results for the financial period ended 31/8/2010
Announcement Type: Financial Results
Company Name: ANCOM BERHAD
Stock Name: ANCOM
Date Announced: 26/10/2010
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 1
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: ANCOM BERHAD
Stock Name: ANCOM
Date Announced: 26/10/2010
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 1
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
NYLEX - Quarterly rpt on consolidated results for the financial period ended 31/8/2010
Announcement Type: Financial Results
Company Name: NYLEX (MALAYSIA) BERHAD
Stock Name: NYLEX
Date Announced: 26/10/2010
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 1
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: NYLEX (MALAYSIA) BERHAD
Stock Name: NYLEX
Date Announced: 26/10/2010
Announcement Detail:
Financial Year End: 31/05/2011
Quarter: 1
Quarterly report for the financial period ended: 31/08/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
NVMULTI - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 26/10/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: TE-101022-60573
Subject: NV MULTI CORPORATION BERHAD ("NV Multi" or the "Company")
I. Proposed disposal of the entire business and undertakings (including the entire assets and liabilities) of NV Multi ("NV Multi Business") to Mutual Tactic Sdn Bhd ("MTSB") for a total consideration of RM300,011,400 ("Proposed Disposal")
II. Proposed distribution of the cash proceeds arising from the Proposed Disposal to all the entitled shareholders of NV Multi ("Proposed Distribution")
(collectively referred to as the Proposals")
Contents: We refer to Bursa Malaysia Securities Berhad's letter dated 25 October 2010 pertaining to NV Multi's announcement dated 21 October 2010 in respect of the Proposals. In this connection, on behalf of the Board of Directors of NV Multi, HwangDBS Investment Bank Berhad wishes to clarify that the disposal consideration of RM300,011,400 pursuant to the Proposed Disposal, which represents an amount equivalent to RM0.78 per ordinary share of RM0.25 each in NV Multi ("NV Multi Share"), is justified on the following bases:
(a) the premiums of 21.88% and 18.18%, over the last transacted price of NV Multi Shares on 8 October 2010 (being the last market day before the offer was received from MTSB to acquire the NV Multi Business) and the five (5)-day volume weighted average market price of NV Multi Shares up to and including 8 October 2010 of RM0.64 and RM0.66 respectively, are benchmarked against the premiums offered in precedent transactions involving the privatisation and take-overs of other public companies listed on Bursa Securities;
(b) the implied price-to-book ratio ("PBR") of approximately 1.28 times, based on the audited consolidated net assets per NV Multi Share as at 31 December 2009 of RM0.61, is benchmarked against the PBR of comparable bereavement care companies listed on the world stock exchanges; and
(d) the implied price-to-earnings ratio ("PER") of approximately 9.79 times, based on the audited consolidated earnings per share of NV Multi for the financial year ended 31 December 2009 of 7.97 sen, is benchmarked against the PER of comparable bereavement care companies listed on the world stock exchanges.
This announcement is dated 26 October 2010.
Query Letter content: We refer to your announcement dated 21 October 2010 ("Announcement") in respect
of the abovecaptioned matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
(1) Justification for the premiums of 21.88% and 18.18% over the last
transacted price of NV Multi Share on 8 October 2010 and over the five (5)-day
volume weighted average market price of NV Multi Shares up to 8 October 2010
respectively, price-to-book ratio of 1.28 times and price-to-earnings ratio of
9.79 times, that the disposal consideration of RM0.78 per NV Multi Share
represent.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/TEK
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
Submitting Merchant Bank: HWANGDBS INVESTMENT BANK BERHAD
Company Name: NV MULTI CORPORATION BERHAD
Stock Name: NVMULTI
Date Announced: 26/10/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: TE-101022-60573
Subject: NV MULTI CORPORATION BERHAD ("NV Multi" or the "Company")
I. Proposed disposal of the entire business and undertakings (including the entire assets and liabilities) of NV Multi ("NV Multi Business") to Mutual Tactic Sdn Bhd ("MTSB") for a total consideration of RM300,011,400 ("Proposed Disposal")
II. Proposed distribution of the cash proceeds arising from the Proposed Disposal to all the entitled shareholders of NV Multi ("Proposed Distribution")
(collectively referred to as the Proposals")
Contents: We refer to Bursa Malaysia Securities Berhad's letter dated 25 October 2010 pertaining to NV Multi's announcement dated 21 October 2010 in respect of the Proposals. In this connection, on behalf of the Board of Directors of NV Multi, HwangDBS Investment Bank Berhad wishes to clarify that the disposal consideration of RM300,011,400 pursuant to the Proposed Disposal, which represents an amount equivalent to RM0.78 per ordinary share of RM0.25 each in NV Multi ("NV Multi Share"), is justified on the following bases:
(a) the premiums of 21.88% and 18.18%, over the last transacted price of NV Multi Shares on 8 October 2010 (being the last market day before the offer was received from MTSB to acquire the NV Multi Business) and the five (5)-day volume weighted average market price of NV Multi Shares up to and including 8 October 2010 of RM0.64 and RM0.66 respectively, are benchmarked against the premiums offered in precedent transactions involving the privatisation and take-overs of other public companies listed on Bursa Securities;
(b) the implied price-to-book ratio ("PBR") of approximately 1.28 times, based on the audited consolidated net assets per NV Multi Share as at 31 December 2009 of RM0.61, is benchmarked against the PBR of comparable bereavement care companies listed on the world stock exchanges; and
(d) the implied price-to-earnings ratio ("PER") of approximately 9.79 times, based on the audited consolidated earnings per share of NV Multi for the financial year ended 31 December 2009 of 7.97 sen, is benchmarked against the PER of comparable bereavement care companies listed on the world stock exchanges.
This announcement is dated 26 October 2010.
Query Letter content: We refer to your announcement dated 21 October 2010 ("Announcement") in respect
of the abovecaptioned matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
(1) Justification for the premiums of 21.88% and 18.18% over the last
transacted price of NV Multi Share on 8 October 2010 and over the five (5)-day
volume weighted average market price of NV Multi Shares up to 8 October 2010
respectively, price-to-book ratio of 1.28 times and price-to-earnings ratio of
9.79 times, that the disposal consideration of RM0.78 per NV Multi Share
represent.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
Yours faithfully
TAN YEW ENG
Head, Issuers
Listing Division
Regulation
TYE/TEK
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
D&O - DISPOSAL OF SUBSIDIARY BY OMEGA SEMICONDUCTOR SDN BHD
Announcement Type: General Announcement
Company Name: D&O GREEN TECHNOLOGIES BERHAD
Stock Name: D&O
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF SUBSIDIARY BY OMEGA SEMICONDUCTOR SDN BHD
Contents: 1 INTRODUCTION
The Board of Directors of D & O Green Technologies Berhad ("D&O") wishes to announce that its wholly owned subsidiary, namely, Omega Semiconductor Sdn Bhd ("Omega") had on 25 October 2010 disposed the entire 51% equity interest in Aeopto Technologies Co., Ltd ("Aeopto GZ") to Tongfang Optoelectronic (HK) Limited ("TOHK") for a total cash consideration of USD1,717,500 ("the Disposal") and on the same date, the joint venture agreement with AE Technologies (GD) Co., Ltd signed on 18 August 2008 is terminated.
2 DETAILS OF THE DISPOSAL
2.1 Information on Aeopto GZ
Aeopto GZ was incorporated in Peoples' Republic of China ("PRC") on 12 November 2008 under the regulatory authority in PRC. As at 25 October 2010, the registered share capital of Aeopto GZ is RMB20,500,000. The registered and paid-up capital is RMB20,500,000.
2.2 Basis of Arriving at the Disposal Consideration
The cash consideration of USD1,717,500 (or approximately RM5,374,916 based on the exchange rates of USD1 = RM3.1295) was arrived at based on a willing buyer-willing seller basis.
2.3 Information on Purchaser
TOHK is a company incorporated in Hong Kong on 13 May 2009 as a limited liability company. Together with its subsidiaries, TOHK is primarily involved in the manufacturing of consumer electronic modules and products, and trading of electronic products and components.
As at 25 October 2010, D&O has 20% shareholding in TOHK through 51%-owned sub-subsidiary, Aeopto Technologies (HK) Company Limited.
3 RATIONALE FOR THE DISPOSAL
The disposal is part of D&O's business rationalization effort to consolidate and strengthen the Group's interests in downstream module business. The Board believes that the Disposal is in the best interest of the Company.
4 FINANCIAL EFFECTS OF THE DISPOSAL
4.1 Share Capital and Substantial Shareholders' Shareholding
The Disposal will not have any effect on the share capital and substantial shareholders' shareholding of D&O.
4.2 Earnings, Net Assets and Gearing
The Disposal is not expected to have any material effect on the consolidated earnings, net assets and gearing of D&O for the financial year ending 31 December 2010.
5 APPROVALS REQUIRED
The Disposal is not subject to the approval of the shareholders of the Company or any regulatory authorities.
6 PERCENTAGE RATIOS
The highest percentage ratio applicable to the Disposal as per paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is less than 5% based on the latest audited consolidated financial statements of D&O for the financial year ended 31 December 2009.
7 DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of D&O and/or persons connected with them have any interest, direct or indirect, in the Disposal.
8 STATEMENT BY DIRECTORS
The Board of Directors of D&O is of the opinion that the Disposal is in the best interest of D&O.
9 COMPLIANCE WITH EQUITY GUIDELINES OF THE SECURITIES COMMISSION ("SC")
The Board confirms that the Disposal does not depart from the Equity Guidelines of the SC.
This announcement is dated 26 October 2010
Company Name: D&O GREEN TECHNOLOGIES BERHAD
Stock Name: D&O
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF SUBSIDIARY BY OMEGA SEMICONDUCTOR SDN BHD
Contents: 1 INTRODUCTION
The Board of Directors of D & O Green Technologies Berhad ("D&O") wishes to announce that its wholly owned subsidiary, namely, Omega Semiconductor Sdn Bhd ("Omega") had on 25 October 2010 disposed the entire 51% equity interest in Aeopto Technologies Co., Ltd ("Aeopto GZ") to Tongfang Optoelectronic (HK) Limited ("TOHK") for a total cash consideration of USD1,717,500 ("the Disposal") and on the same date, the joint venture agreement with AE Technologies (GD) Co., Ltd signed on 18 August 2008 is terminated.
2 DETAILS OF THE DISPOSAL
2.1 Information on Aeopto GZ
Aeopto GZ was incorporated in Peoples' Republic of China ("PRC") on 12 November 2008 under the regulatory authority in PRC. As at 25 October 2010, the registered share capital of Aeopto GZ is RMB20,500,000. The registered and paid-up capital is RMB20,500,000.
2.2 Basis of Arriving at the Disposal Consideration
The cash consideration of USD1,717,500 (or approximately RM5,374,916 based on the exchange rates of USD1 = RM3.1295) was arrived at based on a willing buyer-willing seller basis.
2.3 Information on Purchaser
TOHK is a company incorporated in Hong Kong on 13 May 2009 as a limited liability company. Together with its subsidiaries, TOHK is primarily involved in the manufacturing of consumer electronic modules and products, and trading of electronic products and components.
As at 25 October 2010, D&O has 20% shareholding in TOHK through 51%-owned sub-subsidiary, Aeopto Technologies (HK) Company Limited.
3 RATIONALE FOR THE DISPOSAL
The disposal is part of D&O's business rationalization effort to consolidate and strengthen the Group's interests in downstream module business. The Board believes that the Disposal is in the best interest of the Company.
4 FINANCIAL EFFECTS OF THE DISPOSAL
4.1 Share Capital and Substantial Shareholders' Shareholding
The Disposal will not have any effect on the share capital and substantial shareholders' shareholding of D&O.
4.2 Earnings, Net Assets and Gearing
The Disposal is not expected to have any material effect on the consolidated earnings, net assets and gearing of D&O for the financial year ending 31 December 2010.
5 APPROVALS REQUIRED
The Disposal is not subject to the approval of the shareholders of the Company or any regulatory authorities.
6 PERCENTAGE RATIOS
The highest percentage ratio applicable to the Disposal as per paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is less than 5% based on the latest audited consolidated financial statements of D&O for the financial year ended 31 December 2009.
7 DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors and/or major shareholders of D&O and/or persons connected with them have any interest, direct or indirect, in the Disposal.
8 STATEMENT BY DIRECTORS
The Board of Directors of D&O is of the opinion that the Disposal is in the best interest of D&O.
9 COMPLIANCE WITH EQUITY GUIDELINES OF THE SECURITIES COMMISSION ("SC")
The Board confirms that the Disposal does not depart from the Equity Guidelines of the SC.
This announcement is dated 26 October 2010
SIGN - SIGNATURE INTERNATIONAL BERHAD ("SIGN" or "the Company") - PROPOSED FIRST AND FINAL DIVIDEND
Announcement Type: General Announcement
Company Name: SIGNATURE INTERNATIONAL BERHAD
Stock Name: SIGN
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: SIGNATURE INTERNATIONAL BERHAD ("SIGN" or "the Company") - PROPOSED FIRST AND FINAL DIVIDEND
Contents: The Board of Directors of SIGN wishes to announce that they are recommending a first and final dividend of 4 sen per share (single tier) for the financial year ended 30 June 2010, subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.
The date of entitlement and date of payment in respect of the aforesaid dividend will be determined and announced in due course.
This announcement is dated 26 October 2010.
Company Name: SIGNATURE INTERNATIONAL BERHAD
Stock Name: SIGN
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: SIGNATURE INTERNATIONAL BERHAD ("SIGN" or "the Company") - PROPOSED FIRST AND FINAL DIVIDEND
Contents: The Board of Directors of SIGN wishes to announce that they are recommending a first and final dividend of 4 sen per share (single tier) for the financial year ended 30 June 2010, subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company.
The date of entitlement and date of payment in respect of the aforesaid dividend will be determined and announced in due course.
This announcement is dated 26 October 2010.
SIGN - General Announcement
Announcement Type: General Announcement
Company Name: SIGNATURE INTERNATIONAL BERHAD
Stock Name: SIGN
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: SIGNATURE INTERNATIONAL BERHAD ("SIGNATURE" OR "COMPANY")
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROVISION OF FINANCIAL ASSISTANCE
Contents: The Board of Directors of Signature wishes to announce that the Company intends to seek its shareholders' approval at the forthcoming Annual General Meeting of the Company to be convened for the proposed renewal of shareholders' mandate in respect of the recurrent related party transactions of a revenue or trading nature and provision of financial assistance ("Proposed Renewal of Shareholders' Mandate").
A circular to shareholders containing the details of the Proposed Renewal of Shareholders' Mandate will be issued to the shareholders of the Company in due course.
The estimated value of the recurrent related party transactions as disclosed in the circular to shareholders dated 19 November 2009 and the actual value of the recurrent related party transactions transacted for the period from 17 December 2009 to 25 October 2010 are set out in the attachment below.
This announcement is dated 26 October 2010.
Attachments: Appendix I RRPT.doc
Company Name: SIGNATURE INTERNATIONAL BERHAD
Stock Name: SIGN
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: SIGNATURE INTERNATIONAL BERHAD ("SIGNATURE" OR "COMPANY")
- PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE AND PROVISION OF FINANCIAL ASSISTANCE
Contents: The Board of Directors of Signature wishes to announce that the Company intends to seek its shareholders' approval at the forthcoming Annual General Meeting of the Company to be convened for the proposed renewal of shareholders' mandate in respect of the recurrent related party transactions of a revenue or trading nature and provision of financial assistance ("Proposed Renewal of Shareholders' Mandate").
A circular to shareholders containing the details of the Proposed Renewal of Shareholders' Mandate will be issued to the shareholders of the Company in due course.
The estimated value of the recurrent related party transactions as disclosed in the circular to shareholders dated 19 November 2009 and the actual value of the recurrent related party transactions transacted for the period from 17 December 2009 to 25 October 2010 are set out in the attachment below.
This announcement is dated 26 October 2010.
Attachments: Appendix I RRPT.doc
DIALOG - RECURRENT RELATED PARTY TRANSACTIONS
Announcement Type: General Announcement
Company Name: DIALOG GROUP BERHAD
Stock Name: DIALOG
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: RECURRENT RELATED PARTY TRANSACTIONS
Contents: The Company wishes to announce that as at 26 October 2010 the total amount of Recurrent Related Party Transactions ("RRPTs") entered between ePetrol Services Sdn Bhd and Dialog Group Berhad and its subsidiaries ("Dialog Group") is RM3,567,850 ("Actual Value") as compared to the estimated value of RM2,818,000 ("Estimated Value") disclosed on page 19 in the Circular to Shareholders dated 26 October 2009.
The Actual Value is higher by RM749,850 or 27% compared to the Estimated Value due to additional scope of work for IT system development for Dialog Group to automate and enhance the efficiency of the centralised planning and tracking of projects.
This announcement is dated 26 October 2010.
Company Name: DIALOG GROUP BERHAD
Stock Name: DIALOG
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: RECURRENT RELATED PARTY TRANSACTIONS
Contents: The Company wishes to announce that as at 26 October 2010 the total amount of Recurrent Related Party Transactions ("RRPTs") entered between ePetrol Services Sdn Bhd and Dialog Group Berhad and its subsidiaries ("Dialog Group") is RM3,567,850 ("Actual Value") as compared to the estimated value of RM2,818,000 ("Estimated Value") disclosed on page 19 in the Circular to Shareholders dated 26 October 2009.
The Actual Value is higher by RM749,850 or 27% compared to the Estimated Value due to additional scope of work for IT system development for Dialog Group to automate and enhance the efficiency of the centralised planning and tracking of projects.
This announcement is dated 26 October 2010.
PMETAL - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: PRESS METAL BERHAD ("PMB" OR THE "COMPANY")
(i) PROPOSED CAPITALISATION AND SUBSCRIPTION OF 302.0 MILLION ORDINARY SHARES OF RM1.00 EACH IN PRESS METAL SARAWAK SDN BHD ("PMS") VIA THE CAPITALISATION OF AMOUNT OWING BY PMS TO PMB OF RM301,572,000 AND CASH SUBSCRIPTION BY PMB OF RM428,000 ("PROPOSED CAPITALISATION AND SUBSCRIPTION"); AND
(ii) PROPOSED DISPOSAL OF 17.2% EQUITY INTEREST IN PMS, REPRESENTING 60.4 MILLION ORDINARY SHARES OF RM1.00 EACH IN PMS TO SUMITOMO CORPORATION FOR A CONSIDERATION OF RM60.4 MILLION ("PROPOSED DISPOSAL")
(COLLECTIVELY THE "PROPOSALS")
Contents: Kenanga Investment Bank Berhad on behalf of the Company wishes to announce that an Extraordinary General Meeting of PMB will be held at Balai Tunku Abdul Rahman, Commonwealth House, No. 4, Jalan Birah, Damansara Heights, 50490 Kuala Lumpur on Thursday, 11 November 2010 at 10.00 a.m., for the purpose of considering and if thought fit to pass the resolutions pertaining to the Proposals.
Kindly refer to the attachment for further details.
This announcement is dated 26 October 2010.
Attachments: PressMetal.pdf
Submitting Merchant Bank: KENANGA INVESTMENT BANK BERHAD
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 26/10/2010
Announcement Detail:
Type: Announcement
Subject: PRESS METAL BERHAD ("PMB" OR THE "COMPANY")
(i) PROPOSED CAPITALISATION AND SUBSCRIPTION OF 302.0 MILLION ORDINARY SHARES OF RM1.00 EACH IN PRESS METAL SARAWAK SDN BHD ("PMS") VIA THE CAPITALISATION OF AMOUNT OWING BY PMS TO PMB OF RM301,572,000 AND CASH SUBSCRIPTION BY PMB OF RM428,000 ("PROPOSED CAPITALISATION AND SUBSCRIPTION"); AND
(ii) PROPOSED DISPOSAL OF 17.2% EQUITY INTEREST IN PMS, REPRESENTING 60.4 MILLION ORDINARY SHARES OF RM1.00 EACH IN PMS TO SUMITOMO CORPORATION FOR A CONSIDERATION OF RM60.4 MILLION ("PROPOSED DISPOSAL")
(COLLECTIVELY THE "PROPOSALS")
Contents: Kenanga Investment Bank Berhad on behalf of the Company wishes to announce that an Extraordinary General Meeting of PMB will be held at Balai Tunku Abdul Rahman, Commonwealth House, No. 4, Jalan Birah, Damansara Heights, 50490 Kuala Lumpur on Thursday, 11 November 2010 at 10.00 a.m., for the purpose of considering and if thought fit to pass the resolutions pertaining to the Proposals.
Kindly refer to the attachment for further details.
This announcement is dated 26 October 2010.
Attachments: PressMetal.pdf
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