LOH&LOH - LOH & LOH CORPORATION BERHAD ("LLCB" OR "THE COMPANY") - APPOINTMENT OF INDEPENDENT ADVISER
Announcement Type: General Announcement
Company Name: LOH & LOH CORPORATION BERHAD
Stock Name: LOH&LOH
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: LOH & LOH CORPORATION BERHAD ("LLCB" OR "THE COMPANY")
- APPOINTMENT OF INDEPENDENT ADVISER
Contents: We act for and on behalf of LLCB.
Reference is made to the Announcement made on 29 September 2010.
The Board of Directors of LLCB wishes to inform that the Company has appointed OSK Investment Bank Berhad as the Independent Adviser to advise the Directors and Shareholders of LLCB in relation to the Mandatory Take-over Offer from AmInvestment Bank Berhad on behalf of Javace Sdn. Bhd., a wholly-owned subsidiary of PetroSaudi International Ltd, Seychelles and Sheikh Tarek Essam Ahmad Obaid.
This announcement is dated 5 October 2010.
Company Name: LOH & LOH CORPORATION BERHAD
Stock Name: LOH&LOH
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: LOH & LOH CORPORATION BERHAD ("LLCB" OR "THE COMPANY")
- APPOINTMENT OF INDEPENDENT ADVISER
Contents: We act for and on behalf of LLCB.
Reference is made to the Announcement made on 29 September 2010.
The Board of Directors of LLCB wishes to inform that the Company has appointed OSK Investment Bank Berhad as the Independent Adviser to advise the Directors and Shareholders of LLCB in relation to the Mandatory Take-over Offer from AmInvestment Bank Berhad on behalf of Javace Sdn. Bhd., a wholly-owned subsidiary of PetroSaudi International Ltd, Seychelles and Sheikh Tarek Essam Ahmad Obaid.
This announcement is dated 5 October 2010.
PMETAL - General Announcement
Announcement Type: General Announcement
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Directors of Press Metal Berhad (the "Company") outside closed period pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Directors have transacted in the securities of the Company as set out in the table below:
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: Dealing by Directors of Press Metal Berhad (the "Company") outside closed period pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements
Contents: Pursuant to Paragraph 14.09(a) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Directors have transacted in the securities of the Company as set out in the table below:
MTD - DISPOSAL OF STAKES IN CIDB INVENTURES SDN BHD AND SWARNA TOLLWAY PRIVATE LIMITED
Announcement Type: General Announcement
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF STAKES IN CIDB INVENTURES SDN BHD AND SWARNA TOLLWAY PRIVATE LIMITED
Contents: Details of the announcement is set out in the attached file.
Attachments: 47 Disposal of CIBDI and Swarna Tollway Pvt Ltd (5 October 2010).doc
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: DISPOSAL OF STAKES IN CIDB INVENTURES SDN BHD AND SWARNA TOLLWAY PRIVATE LIMITED
Contents: Details of the announcement is set out in the attached file.
Attachments: 47 Disposal of CIBDI and Swarna Tollway Pvt Ltd (5 October 2010).doc
WCT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: WCT BERHAD ("WCT" OR "COMPANY")
(I) PROPOSED BONDS WITH WARRANTS; AND
(II) PROPOSED OFFER FOR SALE OF WCT WARRANTS
(TO BE COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: On 28 July 2010, RHB Investment Bank Berhad ("RHB Investment Bank") and AmInvestment Bank Berhad (a member of AmInvestment Bank Group) ("AmInvestment Bank") had, on behalf of the Board of Directors of WCT ("Board"), announced , inter alia, the proposed offer for sale of the provisional rights to allotment by the primary subscribers of up to 181,085,174 warrants in WCT ("WCT Warrants") ("Proposed Offer for Sale") to be issued pursuant to the RM600,000,000 nominal value of serial fixed rate bonds of up to 5 years, at an offer price to be determined to the following categories of persons:-
(a) up to 121,085,174 WCT Warrants to the shareholders of WCT on a renounceable basis of 1 WCT Warrant for every 8 existing ordinary shares of RM0.50 each in WCT ("WCT Shares") held; and
(b) 60,000,000 WCT Warrants to entitled senior management of the WCT group of companies ("WCT Group") ("Entitled Senior Management"), the basis of allocation of which is to be determined later by the Board ("Proposed OFS to Senior Management").
(to be referred to as "Earlier Announcement")
As mentioned in the Earlier Announcement, the Proposed OFS to Senior Management is intended to provide the Entitled Senior Management with an opportunity to participate in the long-term and future growth of the WCT Group, as an additional reward for their contribution to the WCT Group and more importantly, for their dedication and loyalty as this is expected to further motivate them to continue to participate actively in the operations of the WCT Group and further encourage them to contribute to the future growth of the WCT Group (collectively referred to as "Desired Objectives").
After further evaluation of the Desired Objectives vis-?-vis the underlying instrument of the Proposed OFS to Senior Management, being the WCT Warrants, the Board is of the view that the Desired Objectives can be better achieved through other means, including a new employees' share option scheme ("ESOS") which can only be undertaken after the expiry of the Company's existing ESOS. In view of the foregoing, on behalf of the Board, RHB Investment Bank and AmInvestment Bank would like to announce that the Board has decided to abort the Proposed OFS to Senior Management.
In light of this development, on behalf of the Board, RHB Investment Bank and AmInvestment Bank wish to announce that the Proposed Offer for Sale will now only entail the offering of up to 193,736,279 WCT Warrants by the primary subscribers to the shareholders of WCT on a renounceable basis of 1 WCT Warrant for every 5 WCT Shares held.
Save for the above and the effects of the Proposals as set out in the attached file, all other information as set out in the Earlier Announcement remain unchanged.
The necessary notification and/or application in relation to the changes to the Proposed Offer For Sale will be made by the Company to the relevant authorities in due course.
This announcement is dated 5 October 2010.
Attachments: Announcement_051010_table.pdf
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: WCT BERHAD ("WCT" OR "COMPANY")
(I) PROPOSED BONDS WITH WARRANTS; AND
(II) PROPOSED OFFER FOR SALE OF WCT WARRANTS
(TO BE COLLECTIVELY REFERRED TO AS "PROPOSALS")
Contents: On 28 July 2010, RHB Investment Bank Berhad ("RHB Investment Bank") and AmInvestment Bank Berhad (a member of AmInvestment Bank Group) ("AmInvestment Bank") had, on behalf of the Board of Directors of WCT ("Board"), announced , inter alia, the proposed offer for sale of the provisional rights to allotment by the primary subscribers of up to 181,085,174 warrants in WCT ("WCT Warrants") ("Proposed Offer for Sale") to be issued pursuant to the RM600,000,000 nominal value of serial fixed rate bonds of up to 5 years, at an offer price to be determined to the following categories of persons:-
(a) up to 121,085,174 WCT Warrants to the shareholders of WCT on a renounceable basis of 1 WCT Warrant for every 8 existing ordinary shares of RM0.50 each in WCT ("WCT Shares") held; and
(b) 60,000,000 WCT Warrants to entitled senior management of the WCT group of companies ("WCT Group") ("Entitled Senior Management"), the basis of allocation of which is to be determined later by the Board ("Proposed OFS to Senior Management").
(to be referred to as "Earlier Announcement")
As mentioned in the Earlier Announcement, the Proposed OFS to Senior Management is intended to provide the Entitled Senior Management with an opportunity to participate in the long-term and future growth of the WCT Group, as an additional reward for their contribution to the WCT Group and more importantly, for their dedication and loyalty as this is expected to further motivate them to continue to participate actively in the operations of the WCT Group and further encourage them to contribute to the future growth of the WCT Group (collectively referred to as "Desired Objectives").
After further evaluation of the Desired Objectives vis-?-vis the underlying instrument of the Proposed OFS to Senior Management, being the WCT Warrants, the Board is of the view that the Desired Objectives can be better achieved through other means, including a new employees' share option scheme ("ESOS") which can only be undertaken after the expiry of the Company's existing ESOS. In view of the foregoing, on behalf of the Board, RHB Investment Bank and AmInvestment Bank would like to announce that the Board has decided to abort the Proposed OFS to Senior Management.
In light of this development, on behalf of the Board, RHB Investment Bank and AmInvestment Bank wish to announce that the Proposed Offer for Sale will now only entail the offering of up to 193,736,279 WCT Warrants by the primary subscribers to the shareholders of WCT on a renounceable basis of 1 WCT Warrant for every 5 WCT Shares held.
Save for the above and the effects of the Proposals as set out in the attached file, all other information as set out in the Earlier Announcement remain unchanged.
The necessary notification and/or application in relation to the changes to the Proposed Offer For Sale will be made by the Company to the relevant authorities in due course.
This announcement is dated 5 October 2010.
Attachments: Announcement_051010_table.pdf
MAHJAYA - General Announcement
Announcement Type: General Announcement
Company Name: MAHAJAYA BERHAD
Stock Name: MAHJAYA
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: MAHAJAYA BERHAD ("MAHAJAYA" or "COMPANY")
- EXTRAORDINARY GENERAL MEETING ("EGM") ON PROPOSED DISPOSAL OF 3 PORTIONS OF TAMAN DAMAI UTAMA, KINRARA, PUCHONG FORMING 907 PARCELS OF LEASEHOLD LAND MEASURING IN AGGREGATE APPROXIMATELY 51.38 ACRES (NET) LOCATED IN THE MUKIM OF PETALING, DAERAH PETALING, SELANGOR DARUL EHSAN, BY MEDAN DAMAI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAHAJAYA BERHAD TO LEGEND GRAND DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING GROUP BERHAD FOR A TOTAL CASH CONSIDERATION OF RM178,396,136.15 ("PROPOSED DISPOSAL")
Contents: The Board of Directors of Mahajaya wishes to announce that the Proposed Ordinary Resolution pertaining to the Proposed Disposal as set out in the Notice of EGM dated 18 September 2010 was duly passed by the shareholders at the EGM held on 5 October 2010.
Company Name: MAHAJAYA BERHAD
Stock Name: MAHJAYA
Date Announced: 05/10/2010
Announcement Detail:
Type: Announcement
Subject: MAHAJAYA BERHAD ("MAHAJAYA" or "COMPANY")
- EXTRAORDINARY GENERAL MEETING ("EGM") ON PROPOSED DISPOSAL OF 3 PORTIONS OF TAMAN DAMAI UTAMA, KINRARA, PUCHONG FORMING 907 PARCELS OF LEASEHOLD LAND MEASURING IN AGGREGATE APPROXIMATELY 51.38 ACRES (NET) LOCATED IN THE MUKIM OF PETALING, DAERAH PETALING, SELANGOR DARUL EHSAN, BY MEDAN DAMAI SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAHAJAYA BERHAD TO LEGEND GRAND DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING GROUP BERHAD FOR A TOTAL CASH CONSIDERATION OF RM178,396,136.15 ("PROPOSED DISPOSAL")
Contents: The Board of Directors of Mahajaya wishes to announce that the Proposed Ordinary Resolution pertaining to the Proposed Disposal as set out in the Notice of EGM dated 18 September 2010 was duly passed by the shareholders at the EGM held on 5 October 2010.
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