MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/10/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO GUIDANCE NOTE 3 ("GN 3") OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: The Board of Directors of Memstech wishes to announce that there was no material development since the date of the last announcement dated 1 September 2010.
However, the Company is currently working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This announcement is dated 1 October 2010.
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/10/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT ON THE STATUS OF REGULARISATION PLAN PURSUANT TO GUIDANCE NOTE 3 ("GN 3") OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: The Board of Directors of Memstech wishes to announce that there was no material development since the date of the last announcement dated 1 September 2010.
However, the Company is currently working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This announcement is dated 1 October 2010.
MEMS - General Announcement
Announcement Type: General Announcement
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/10/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 5 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 September 2010, the Board of Directors of Memstech wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 30 September 2010, as set out in Table 1 of the Appendix of this Announcement.
The Company is working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This Announcement is dated 1 October 2010.
Attachments: Appendix - Table 1(30.9.2010).doc
Company Name: MEMS TECHNOLOGY BERHAD (ACE Market)
Stock Name: MEMS
Date Announced: 01/10/2010
Announcement Detail:
Regularisation Sponsor: AmInvestment Bank Bhd
Sponsor: Same as above
Type: Announcement
Subject: MEMS TECHNOLOGY BERHAD ("MEMSTECH" OR "THE COMPANY")
- MONTHLY ANNOUNCEMENT PURSUANT TO GUIDANCE NOTE 5 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES")
Contents: Further to the announcement made on 1 September 2010, the Board of Directors of Memstech wishes to update on the details and status of the various credit facilities in default by the Company and its subsidiaries to the financial institutions as at 30 September 2010, as set out in Table 1 of the Appendix of this Announcement.
The Company is working on its regularisation plan for submission to Bursa Securities and is also actively taking steps to procure new orders to address its current financial position and to generate cashflow for settlement of defaults and redemption of loans.
This Announcement is dated 1 October 2010.
Attachments: Appendix - Table 1(30.9.2010).doc
CIMBA40 - CIMB FTSE ASEAN 40 Malaysia - IOPV after close of morning trading session as at 01-Oct-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - IOPV after close of morning trading session as at 01-Oct-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
IOPV per unit (RM): 1.5304
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10018.15
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE ASEAN 40 MALAYSIA
Stock Name: CIMBA40
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE ASEAN 40 Malaysia - IOPV after close of morning trading session as at 01-Oct-10
Contents: Fund: CIMB FTSE ASEAN 40 Malaysia
IOPV per unit (RM): 1.5304
Units in circulation (units): 8,100,000.00
Management Fee (% p.a.): 0.00
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.00
FTSE/ASEAN 40 Index: 10018.15
CIMBX25 - CIMB FTSE Xinhua China 25 - IOPV after close of morning trading session as at 01-Oct-10
Announcement Type: General Announcement
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - IOPV after close of morning trading session as at 01-Oct-10
Contents: Fund: CIMB FTSE Xinhua China 25
IOPV per unit (RM): 1.0296
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 18784.63
Submitting Merchant Bank: DEUTSCHE BANK (MALAYSIA) BERHAD
Company Name: CIMB FTSE XINHUA CHINA 25
Stock Name: CIMBX25
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: CIMB FTSE Xinhua China 25 - IOPV after close of morning trading session as at 01-Oct-10
Contents: Fund: CIMB FTSE Xinhua China 25
IOPV per unit (RM): 1.0296
Units in circulation (units): 21,450,000.00
Management Fee (% p.a.): 0.60
Trustee Fee (% p.a.): 0.08
Index Licence Fee (% p.a.): 0.04
FTSE/Xinhua China 25 Index: 18784.63
KENMARK - Change in Audit Committee
Announcement Type: Change in Audit Committee
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 01/10/2010
Announcement Detail:
Date of change: 30/09/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Robinson Pan Kok Sinn
Age: 41
Nationality: Malaysian
Qualifications: ?B.A. Economics (Hons), University of Malaya
?Certificate in Training & Development, Chartered Institute of Personnel & Development, United Kingdom
?ISO 9000 Total Quality Management & Internal Quality Audit Program
? Chartered Financial Analyst (CFA) Level 1
? Certified Financial Planner (CFP)
? Registered Financial Planner (RFP)
? Diploma in Real Estate
? Neuro Linguistic Programming (NLP) Practitioner
Working experience and occupation: Robinson Pan started his career in 1992 with the Southern Pacific Hotels Corporation, an international hotel management company based in Sydney, Australia and his duties and responsibilities included all aspects of the human resource functions for its operations in Malaysia.
In 1997, he joined TekMark Holdings (M) Sdn Bhd, an engineering group of companies as Head of Human Resource and Operations in charge of Malaysia and Singapore. He was a remisier with Affin-UOB Securities Sdn Bhd in 1999 for 2 years.
In 2001, he co-founded Integrated Will Services (M) Sdn Bhd, a financial services company and was the Executive Director until 2006. Prior to managing his own companies, Robinson was formerly the Managing Director of Infortech Alliance Berhad, a public listed IT company from 2007 to 2008.
He is currently the General Manager of Equity Real Estate, the Executive Director of Ming Hing Tyres & Batteries Sdn Bhd, based in Lahad Datu, Sabah and Associate Consultant of Potential Plus Consultancy Sdn Bhd, a management consulting and training development company.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Woon Wai En (Audit Committee Chairman)
Ahmed Azhar Bin Abdullah (Audit Committee Member)
Robinson Pan Kok Sinn(Audit Committee Member)
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 01/10/2010
Announcement Detail:
Date of change: 30/09/2010
Type of change: Appointment
Designation: Member of Audit Committee
Directorate: Independent & Non Executive
Name: Robinson Pan Kok Sinn
Age: 41
Nationality: Malaysian
Qualifications: ?B.A. Economics (Hons), University of Malaya
?Certificate in Training & Development, Chartered Institute of Personnel & Development, United Kingdom
?ISO 9000 Total Quality Management & Internal Quality Audit Program
? Chartered Financial Analyst (CFA) Level 1
? Certified Financial Planner (CFP)
? Registered Financial Planner (RFP)
? Diploma in Real Estate
? Neuro Linguistic Programming (NLP) Practitioner
Working experience and occupation: Robinson Pan started his career in 1992 with the Southern Pacific Hotels Corporation, an international hotel management company based in Sydney, Australia and his duties and responsibilities included all aspects of the human resource functions for its operations in Malaysia.
In 1997, he joined TekMark Holdings (M) Sdn Bhd, an engineering group of companies as Head of Human Resource and Operations in charge of Malaysia and Singapore. He was a remisier with Affin-UOB Securities Sdn Bhd in 1999 for 2 years.
In 2001, he co-founded Integrated Will Services (M) Sdn Bhd, a financial services company and was the Executive Director until 2006. Prior to managing his own companies, Robinson was formerly the Managing Director of Infortech Alliance Berhad, a public listed IT company from 2007 to 2008.
He is currently the General Manager of Equity Real Estate, the Executive Director of Ming Hing Tyres & Batteries Sdn Bhd, based in Lahad Datu, Sabah and Associate Consultant of Potential Plus Consultancy Sdn Bhd, a management consulting and training development company.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: None
Composition of Audit Committee (Name and Directorate of members after change): Woon Wai En (Audit Committee Chairman)
Ahmed Azhar Bin Abdullah (Audit Committee Member)
Robinson Pan Kok Sinn(Audit Committee Member)
KENMARK - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 01/10/2010
Announcement Detail:
Date of change: 30/09/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Robinson Pan Kok Sinn
Age: 41
Nationality: Malaysian
Qualifications: ? B.A. Economics (Hons), University of Malaya
? Certificate in Training & Development, Chartered Institute of Personnel & Development, United Kingdom
? ISO 9000 Total Quality Management & Internal Quality Audit Program
? Chartered Financial Analyst (CFA) Level 1
? Certified Financial Planner (CFP)
? Registered Financial Planner (RFP)
? Diploma in Real Estate
? Neuro Linguistic Programming (NLP) Practitioner
Working experience and occupation: Robinson Pan started his career in 1992 with the Southern Pacific Hotels Corporation, an international hotel management company based in Sydney, Australia and his duties and responsibilities included all aspects of the human resource functions for its operations in Malaysia.
In 1997, he joined TekMark Holdings (M) Sdn Bhd, an engineering group of companies as Head of Human Resource and Operations in charge of Malaysia and Singapore. He was a remisier with Affin-UOB Securities Sdn Bhd in 1999 for 2 years.
In 2001, he co-founded Integrated Will Services (M) Sdn Bhd, a financial services company and was the Executive Director until 2006. Prior to managing his own companies, Robinson was formerly the Managing Director of Infortech Alliance Berhad, a public listed IT company from 2007 to 2008.
He is currently the General Manager of Equity Real Estate, the Executive Director of Ming Hing Tyres & Batteries Sdn Bhd, based in Lahad Datu, Sabah and Associate Consultant of Potential Plus Consultancy Sdn Bhd, a management consulting and training development company.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
Company Name: KENMARK INDUSTRIAL CO. (M) BERHAD
Stock Name: KENMARK
Date Announced: 01/10/2010
Announcement Detail:
Date of change: 30/09/2010
Type of change: Appointment
Designation: Non-Executive Director
Directorate: Independent & Non Executive
Name: Robinson Pan Kok Sinn
Age: 41
Nationality: Malaysian
Qualifications: ? B.A. Economics (Hons), University of Malaya
? Certificate in Training & Development, Chartered Institute of Personnel & Development, United Kingdom
? ISO 9000 Total Quality Management & Internal Quality Audit Program
? Chartered Financial Analyst (CFA) Level 1
? Certified Financial Planner (CFP)
? Registered Financial Planner (RFP)
? Diploma in Real Estate
? Neuro Linguistic Programming (NLP) Practitioner
Working experience and occupation: Robinson Pan started his career in 1992 with the Southern Pacific Hotels Corporation, an international hotel management company based in Sydney, Australia and his duties and responsibilities included all aspects of the human resource functions for its operations in Malaysia.
In 1997, he joined TekMark Holdings (M) Sdn Bhd, an engineering group of companies as Head of Human Resource and Operations in charge of Malaysia and Singapore. He was a remisier with Affin-UOB Securities Sdn Bhd in 1999 for 2 years.
In 2001, he co-founded Integrated Will Services (M) Sdn Bhd, a financial services company and was the Executive Director until 2006. Prior to managing his own companies, Robinson was formerly the Managing Director of Infortech Alliance Berhad, a public listed IT company from 2007 to 2008.
He is currently the General Manager of Equity Real Estate, the Executive Director of Ming Hing Tyres & Batteries Sdn Bhd, based in Lahad Datu, Sabah and Associate Consultant of Potential Plus Consultancy Sdn Bhd, a management consulting and training development company.
Directorship of public companies (if any): Nil
Family relationship with any director and/or major shareholder of the listed issuer: None
Any conflict of interests that he/she has with the listed issuer: None
Details of any interest in the securities of the listed issuer or its subsidiaries: Nil
ATLAN - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: ATLAN HOLDINGS BHD ("ATLAN")
? Proposed reverse take-over of Esmart Holdings Limited, a public limited company listed on the Catalist board of Singapore Exchange Securities Trading Limited, by Atlan via the injection of its two (2) subsidiaries, namely DFZ Capital Berhad and Darul Metro Sdn Bhd
Contents: For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the announcement dated 28 June 2010.
Further to the announcements dated 28 June 2010 and 12 August 2010, AFFIN Investment Bank Berhad, on behalf of the Board of Directors of Atlan wishes to announce that Bank Negara Malaysia had, vide its letter dated 23 September 2010, approved for Atlan to undertake an investment overseas involving the subscription of Consideration Shares and Consideration Warrants to be issued by Esmart pursuant to the Proposal subject to Atlan obtaining the approvals and complying with the conditions imposed by the relevant authorities in Malaysia.
This announcement is dated 1 October 2010.
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: ATLAN HOLDINGS BHD ("ATLAN")
? Proposed reverse take-over of Esmart Holdings Limited, a public limited company listed on the Catalist board of Singapore Exchange Securities Trading Limited, by Atlan via the injection of its two (2) subsidiaries, namely DFZ Capital Berhad and Darul Metro Sdn Bhd
Contents: For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the announcement dated 28 June 2010.
Further to the announcements dated 28 June 2010 and 12 August 2010, AFFIN Investment Bank Berhad, on behalf of the Board of Directors of Atlan wishes to announce that Bank Negara Malaysia had, vide its letter dated 23 September 2010, approved for Atlan to undertake an investment overseas involving the subscription of Consideration Shares and Consideration Warrants to be issued by Esmart pursuant to the Proposal subject to Atlan obtaining the approvals and complying with the conditions imposed by the relevant authorities in Malaysia.
This announcement is dated 1 October 2010.
WONG - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: WONG ENGINEERING CORPORATION BERHAD
Stock Name: WONG
Date Announced: 01/10/2010
Announcement Detail:
Date of change: 01/10/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: CHANG JOO HUAT
Age: 45
Nationality: MALAYSIAN
Qualifications: 1. Master in Business Administration (Expert Informatique)
from Southern Pacific University, Malaysia
2. Bachelor Degree in Engineering (Mechanical System) from
University of Putra Malaysia
Working experience and occupation: He has been in the manufacturing industry for 23 years. He was appointed as a Director of the subsidiary of the Company on 1 August 1996 and subsequently appointed as the Group Technical Director on 1 November 2004.
Directorship of public companies (if any): N/A
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct interest of 60,000 ordinary shares of RM0.50 each in the capital of Wong Engineering Corporation Berhad
Company Name: WONG ENGINEERING CORPORATION BERHAD
Stock Name: WONG
Date Announced: 01/10/2010
Announcement Detail:
Date of change: 01/10/2010
Type of change: Appointment
Designation: Executive Director
Directorate: Executive
Name: CHANG JOO HUAT
Age: 45
Nationality: MALAYSIAN
Qualifications: 1. Master in Business Administration (Expert Informatique)
from Southern Pacific University, Malaysia
2. Bachelor Degree in Engineering (Mechanical System) from
University of Putra Malaysia
Working experience and occupation: He has been in the manufacturing industry for 23 years. He was appointed as a Director of the subsidiary of the Company on 1 August 1996 and subsequently appointed as the Group Technical Director on 1 November 2004.
Directorship of public companies (if any): N/A
Family relationship with any director and/or major shareholder of the listed issuer: N/A
Any conflict of interests that he/she has with the listed issuer: N/A
Details of any interest in the securities of the listed issuer or its subsidiaries: Direct interest of 60,000 ordinary shares of RM0.50 each in the capital of Wong Engineering Corporation Berhad
TIGER - General Announcement
Announcement Type: General Announcement
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: WINDING UP PETITION AGAINST MINPLY HOLDINGS (M) BERHAD AND MINPLY CONSTRUCTION & ENGINEERING SDN. BHD.
Contents: The Board of Directors of Tiger Synergy Berhad (formerly known as Minply Holdings (M) Berhad) ("the Company") wishes to announce that the Company and its wholly-owned subsidiary, Minply Construction & Engineering Sdn. Bhd.("MCE") has been served with a Winding Up Petition by YL Excel Sdn. Bhd. (625195 W).
Details
1. The Date of Presentation of the Winding Up Petition and the date the Winding Up Petition was served
The above Winding Up Petition was presented to the High Court of Malaya at Melaka on 18 May 2010 and is scheduled for hearing on 12 November 2010. However, the said Winding Up Petition has
not been served to the Company and MCE.
2. The Particulars of the Claim under the Petition including the amount claimed for under the Petition and the interest rate.
(i) The claim for Minply Holdings (M) Berhad is RM200,000.00 for the corporate guarantee granted together with the interest of 8% per annum and cost of RM730.00.
(ii) The claim for Minply Construction and Engineering Sdn. Bhd. is for materials supplied by the Petitioner, which amount to RM291,131.96 together with the interest of 8% per annum
and cost of RM730.00.
3. The details of the default or circumstances leading to the filing of the Winding Up Petition against the Company and MCE.
This is due to disputed claim of materials supplied and the expiry of the corporate guarantee.
4. Whether MCE is a major subsidiary of the Company.
MCE is not a major subsidiary of the Company.
5. The total cost of investment in MCE.
The total cost of investment in MCE is RM117,038.01.
6. The financial and operational impact of the Winding Up proceedings on the Group.
There will be no financial and operational impact on the Group.
7. The expected losses, if any, arising from the Winding Up proceedings
There will be no losses arises other than settlement of debts and legal costs incurred.
8. The steps taken and proposed to be taken by the Company and MCE in respect of the Winding Up proceedings.
The Company has obtained legal advice on the above action and has engaged Solicitors to defend the suit. The appointed solicitors have been instructed on behalf of the Company to dispute the
petition and to seek an order to dismiss the petition with cost and damages.
Company Name: TIGER SYNERGY BERHAD
Stock Name: TIGER
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: WINDING UP PETITION AGAINST MINPLY HOLDINGS (M) BERHAD AND MINPLY CONSTRUCTION & ENGINEERING SDN. BHD.
Contents: The Board of Directors of Tiger Synergy Berhad (formerly known as Minply Holdings (M) Berhad) ("the Company") wishes to announce that the Company and its wholly-owned subsidiary, Minply Construction & Engineering Sdn. Bhd.("MCE") has been served with a Winding Up Petition by YL Excel Sdn. Bhd. (625195 W).
Details
1. The Date of Presentation of the Winding Up Petition and the date the Winding Up Petition was served
The above Winding Up Petition was presented to the High Court of Malaya at Melaka on 18 May 2010 and is scheduled for hearing on 12 November 2010. However, the said Winding Up Petition has
not been served to the Company and MCE.
2. The Particulars of the Claim under the Petition including the amount claimed for under the Petition and the interest rate.
(i) The claim for Minply Holdings (M) Berhad is RM200,000.00 for the corporate guarantee granted together with the interest of 8% per annum and cost of RM730.00.
(ii) The claim for Minply Construction and Engineering Sdn. Bhd. is for materials supplied by the Petitioner, which amount to RM291,131.96 together with the interest of 8% per annum
and cost of RM730.00.
3. The details of the default or circumstances leading to the filing of the Winding Up Petition against the Company and MCE.
This is due to disputed claim of materials supplied and the expiry of the corporate guarantee.
4. Whether MCE is a major subsidiary of the Company.
MCE is not a major subsidiary of the Company.
5. The total cost of investment in MCE.
The total cost of investment in MCE is RM117,038.01.
6. The financial and operational impact of the Winding Up proceedings on the Group.
There will be no financial and operational impact on the Group.
7. The expected losses, if any, arising from the Winding Up proceedings
There will be no losses arises other than settlement of debts and legal costs incurred.
8. The steps taken and proposed to be taken by the Company and MCE in respect of the Winding Up proceedings.
The Company has obtained legal advice on the above action and has engaged Solicitors to defend the suit. The appointed solicitors have been instructed on behalf of the Company to dispute the
petition and to seek an order to dismiss the petition with cost and damages.
LIIHEN - General Announcement on Renting of Building
Announcement Type: General Announcement
Company Name: LII HEN INDUSTRIES BHD.
Stock Name: LIIHEN
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: General Announcement on Renting of Building
Contents: The Board of Directors of Lii Hen Industries Bhd. (" LHIB") wishes to announce that Lii Hen Furniture Sdn. Bhd. (148515-V) ("LHF" or "the Tenant" ), a wholly-owned subsidiary of LHIB has on 1 October 2010 entered into a Tenancy Agreement (" Agreement ") with Domain Partners Sdn. Bhd. (644189-P) ("DPSB" or "the Landlord") to rent a block of single storey warehouse building on freehold property held under Lot 1907, GM 156, of Mukim Sungai Raya, District of Muar, State of Johor measuring an area of 64,400 sq. ft. ('the Building") for a total monthly rental of RM22,540 ("the Rental"), calculated at monthly rate of RM0.35 sq. ft. (hereinafter referred to as ""the Transaction").
Company Name: LII HEN INDUSTRIES BHD.
Stock Name: LIIHEN
Date Announced: 01/10/2010
Announcement Detail:
Type: Announcement
Subject: General Announcement on Renting of Building
Contents: The Board of Directors of Lii Hen Industries Bhd. (" LHIB") wishes to announce that Lii Hen Furniture Sdn. Bhd. (148515-V) ("LHF" or "the Tenant" ), a wholly-owned subsidiary of LHIB has on 1 October 2010 entered into a Tenancy Agreement (" Agreement ") with Domain Partners Sdn. Bhd. (644189-P) ("DPSB" or "the Landlord") to rent a block of single storey warehouse building on freehold property held under Lot 1907, GM 156, of Mukim Sungai Raya, District of Muar, State of Johor measuring an area of 64,400 sq. ft. ('the Building") for a total monthly rental of RM22,540 ("the Rental"), calculated at monthly rate of RM0.35 sq. ft. (hereinafter referred to as ""the Transaction").
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