POLY - Notification on dealings in securities by Director during closed period
Announcement Type: General Announcement
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: Notification on dealings in securities by Director during closed period
Contents: Pursuant to paragraph 14.08 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities"), this is to notify that POLY GLASS FIBRE (M) BHD ("the Company") has on 15 October 2010 received a notification dated 15 October 2010 from Mr. Fong Wah Kai, the Executive Director of the Company, in relation to his indirect acquisition of 20,000 ordinary shares of RM1.00 each in the Company with details as follows: -
Date of Dealing: 14 October 2010
Amount of Securities acquired (indirect): 20,000 ordinary shares of RM1.00 each
Percentage of Securities acquired: 0.01%
Consideration for the dealing: RM0.350 per ordinary share of RM1.00 each
Total number of Securities (percentage) held after acquisition are as follows: -
Direct: 6,798,800 (4.25%)
Indirect: 74,450,700 (46.54%)
Dated this 15th day of October 2010
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: Notification on dealings in securities by Director during closed period
Contents: Pursuant to paragraph 14.08 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities"), this is to notify that POLY GLASS FIBRE (M) BHD ("the Company") has on 15 October 2010 received a notification dated 15 October 2010 from Mr. Fong Wah Kai, the Executive Director of the Company, in relation to his indirect acquisition of 20,000 ordinary shares of RM1.00 each in the Company with details as follows: -
Date of Dealing: 14 October 2010
Amount of Securities acquired (indirect): 20,000 ordinary shares of RM1.00 each
Percentage of Securities acquired: 0.01%
Consideration for the dealing: RM0.350 per ordinary share of RM1.00 each
Total number of Securities (percentage) held after acquisition are as follows: -
Direct: 6,798,800 (4.25%)
Indirect: 74,450,700 (46.54%)
Dated this 15th day of October 2010
TALIWRK - TALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company") - Change Of Name
Announcement Type: General Announcement
Company Name: TALIWORKS CORPORATION BERHAD
Stock Name: TALIWRK
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: TALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company")
- Change Of Name
Contents: The Board of Directors of Taliworks Corporation Berhad ("Taliworks") is pleased to announce that the Accounting and Corporate Regulatory Authority of Singapore has on 15 October 2010 approved the change of name of Eco3 Technology and Engineering Pte. Ltd., a 70% indirectly owned subsidiary of Taliworks, to Taliworks Eco Pte Ltd ("Taliworks Eco").
The principal activity of Taliworks Eco remains unchanged.
This announcement is dated 15 October 2010.
Company Name: TALIWORKS CORPORATION BERHAD
Stock Name: TALIWRK
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: TALIWORKS CORPORATION BERHAD ("Taliworks" or "the Company")
- Change Of Name
Contents: The Board of Directors of Taliworks Corporation Berhad ("Taliworks") is pleased to announce that the Accounting and Corporate Regulatory Authority of Singapore has on 15 October 2010 approved the change of name of Eco3 Technology and Engineering Pte. Ltd., a 70% indirectly owned subsidiary of Taliworks, to Taliworks Eco Pte Ltd ("Taliworks Eco").
The principal activity of Taliworks Eco remains unchanged.
This announcement is dated 15 October 2010.
YTLCMT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: YTL CEMENT BERHAD
Stock Name: YTLCMT
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: YTL CEMENT BERHAD ("YTL CEMENT" OR "COMPANY")
PROPOSED ESTABLISHMENT OF A NEW EMPLOYEES SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF YTL CEMENT AND/OR ITS SUBSIDIARIES ("PROPOSED ESOS")
Contents: On behalf of YTL Cement, CIMB Investment Bank Berhad wishes to announce that the Company is proposing to establish and implement a new employees share option scheme for the eligible employees and directors of YTL Cement and/or its subsidiaries.
Further details of the Proposed ESOS are set out in the attachment to this announcement.
This announcement is dated 15 October 2010.
Attachments: Proposed ESOS - YTL Cement.pdf
Submitting Merchant Bank: CIMB INVESTMENT BANK BERHAD
Company Name: YTL CEMENT BERHAD
Stock Name: YTLCMT
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: YTL CEMENT BERHAD ("YTL CEMENT" OR "COMPANY")
PROPOSED ESTABLISHMENT OF A NEW EMPLOYEES SHARE OPTION SCHEME FOR THE ELIGIBLE EMPLOYEES AND DIRECTORS OF YTL CEMENT AND/OR ITS SUBSIDIARIES ("PROPOSED ESOS")
Contents: On behalf of YTL Cement, CIMB Investment Bank Berhad wishes to announce that the Company is proposing to establish and implement a new employees share option scheme for the eligible employees and directors of YTL Cement and/or its subsidiaries.
Further details of the Proposed ESOS are set out in the attachment to this announcement.
This announcement is dated 15 October 2010.
Attachments: Proposed ESOS - YTL Cement.pdf
BREM - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 15/10/2010
Announcement Detail:
Date of buy back: 15/10/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 29,000
Minimum price paid for each share purchased ($$): 1.300
Maximum price paid for each share purchased ($$): 1.350
Total consideration paid ($$): 38,540.04
Number of shares purchased retained in treasury (units): 29,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 4,486,700
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.21
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 15/10/2010
Announcement Detail:
Date of buy back: 15/10/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 29,000
Minimum price paid for each share purchased ($$): 1.300
Maximum price paid for each share purchased ($$): 1.350
Total consideration paid ($$): 38,540.04
Number of shares purchased retained in treasury (units): 29,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 4,486,700
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.21
TGL - General Announcement
Announcement Type: General Announcement
Company Name: TEO GUAN LEE CORPORATION BERHAD
Stock Name: TGL
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: TEO GUAN LEE CORPORATION BERHAD
PROPOSED DISPOSAL OF PROPERTY BY P.P.A.C (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TEO GUAN LEE CORPORATION BERHAD TO TOH PENG CHOOI HOLDINGS SDN. BHD., FOR A TOTAL CONSIDERATION OF RM750,000
Contents: TEO GUAN LEE CORPORATION BERHAD
PROPOSED DISPOSAL OF PROPERTY BY P.P.A.C (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TEO GUAN LEE CORPORATION BERHAD TO TOH PENG CHOOI HOLDINGS SDN. BHD., FOR A TOTAL CONSIDERATION OF RM750,000
Attachments: TGL_Disposal of Property_PPAC_TPCH.pdf
Company Name: TEO GUAN LEE CORPORATION BERHAD
Stock Name: TGL
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: TEO GUAN LEE CORPORATION BERHAD
PROPOSED DISPOSAL OF PROPERTY BY P.P.A.C (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TEO GUAN LEE CORPORATION BERHAD TO TOH PENG CHOOI HOLDINGS SDN. BHD., FOR A TOTAL CONSIDERATION OF RM750,000
Contents: TEO GUAN LEE CORPORATION BERHAD
PROPOSED DISPOSAL OF PROPERTY BY P.P.A.C (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TEO GUAN LEE CORPORATION BERHAD TO TOH PENG CHOOI HOLDINGS SDN. BHD., FOR A TOTAL CONSIDERATION OF RM750,000
Attachments: TGL_Disposal of Property_PPAC_TPCH.pdf
LAYHONG - LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Announcement Type: Listing Circular
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 15/10/2010
Announcement Detail:
Subject: LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 117,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 19 October 2010.
Company Name: LAY HONG BERHAD
Stock Name: LAYHONG
Date Announced: 15/10/2010
Announcement Detail:
Subject: LAYHONG-EMPLOYEES' SHARE OPTION SCHEME ("SCHEME")
Contents: Kindly be advised that the abovementioned Company's additional 117,000 new ordinary shares of RM1.00 each issued pursuant to the aforesaid Scheme will be granted listing and quotation with effect from 9.00 a.m., Tuesday, 19 October 2010.
LINEAR - General Announcement
Announcement Type: General Announcement
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: LINEAR CORPORATION BERHAD ("Linear" or "Company")
Notice Pursuant to section 218 of The Companies Act 1965
dated 15th October 2010
Contents: A Notice Pursuant to Section 218 of The Companies Act 1965 (Notice) has been
served on BAC Cooling Technology Sdn. Bhd.("BAC"), a 70% owned subsidiary
of the Company, by solicitors acting for Malaysian Mega Galvaniser Sdn. Bhd.
1) Details of Default
The debt of RM49,540.00 owing to Malaysian Mega Galvaniser Sdn. Bhd.
("creditor") is for galvanizing works rendered to BAC Cooling Technology Sdn. Bhd.
BAC must pay the debt or secure or compound for it to the creditor's satisfaction
within 21days from date of service (15th October 2010) of this demand.
2) Whether BAC Cooling Technology Sdn. Bhd. is a major subsidiary
BAC Cooling Technology Sdn. Bhd. is not a major subsidiary.
3) Total cost of investment in BAC Cooling Technology Sdn. Bhd.
The total cost of investment is RM1,729,000.
4) Financial & operational impart of the Notice on the Group
BAC will take urgent steps to resolve the matter amicably with the
creditor.
5) Expected Losses, if any, arising from the Notice
Linear Corporation Berhad will not incur further losses as the amount claimed
has been recorded in the financial statements.
This Announcement is dated October 15, 2010
Company Name: LINEAR CORPORATION BERHAD
Stock Name: LINEAR
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: LINEAR CORPORATION BERHAD ("Linear" or "Company")
Notice Pursuant to section 218 of The Companies Act 1965
dated 15th October 2010
Contents: A Notice Pursuant to Section 218 of The Companies Act 1965 (Notice) has been
served on BAC Cooling Technology Sdn. Bhd.("BAC"), a 70% owned subsidiary
of the Company, by solicitors acting for Malaysian Mega Galvaniser Sdn. Bhd.
1) Details of Default
The debt of RM49,540.00 owing to Malaysian Mega Galvaniser Sdn. Bhd.
("creditor") is for galvanizing works rendered to BAC Cooling Technology Sdn. Bhd.
BAC must pay the debt or secure or compound for it to the creditor's satisfaction
within 21days from date of service (15th October 2010) of this demand.
2) Whether BAC Cooling Technology Sdn. Bhd. is a major subsidiary
BAC Cooling Technology Sdn. Bhd. is not a major subsidiary.
3) Total cost of investment in BAC Cooling Technology Sdn. Bhd.
The total cost of investment is RM1,729,000.
4) Financial & operational impart of the Notice on the Group
BAC will take urgent steps to resolve the matter amicably with the
creditor.
5) Expected Losses, if any, arising from the Notice
Linear Corporation Berhad will not incur further losses as the amount claimed
has been recorded in the financial statements.
This Announcement is dated October 15, 2010
WCT - Notice By Directors of Their Intention to Deal In Securities During The Closed Period
Announcement Type: General Announcement
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: Notice By Directors of Their Intention to Deal In Securities During The Closed Period
Contents: WCT Berhad will be in the closed period commencing 19 October 2010 for dealing in its securities pending the announcement of its results for the Third Quarter ended 30 September 2010. The Company wishes to inform that is has received notification from the following Directors of their intention to deal in the securities of the Company during this closed period. The details of their current interests in the securities of the Company are set out in the table below:-
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: Notice By Directors of Their Intention to Deal In Securities During The Closed Period
Contents: WCT Berhad will be in the closed period commencing 19 October 2010 for dealing in its securities pending the announcement of its results for the Third Quarter ended 30 September 2010. The Company wishes to inform that is has received notification from the following Directors of their intention to deal in the securities of the Company during this closed period. The details of their current interests in the securities of the Company are set out in the table below:-
WCT - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: WCT BERHAD ("WCT" OR "COMPANY")
(I) PROPOSED BONDS WITH WARRANTS; AND
(II) PROPOSED OFFER FOR SALE OF WCT WARRANTS
Contents: Pursuant to the development as announced on 5 October 2010, RHB Investment Bank Berhad and AmInvestment Bank Berhad, on behalf of the Board of Directors of WCT, wish to announce that the Company has today submitted a new application to Bank Negara Malaysia to seek their approval for the issuance of WCT Warrants to non-residents.
This announcement is dated 15 October 2010.
Submitting Merchant Bank: RHB INVESTMENT BANK BERHAD
Company Name: WCT BERHAD
Stock Name: WCT
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: WCT BERHAD ("WCT" OR "COMPANY")
(I) PROPOSED BONDS WITH WARRANTS; AND
(II) PROPOSED OFFER FOR SALE OF WCT WARRANTS
Contents: Pursuant to the development as announced on 5 October 2010, RHB Investment Bank Berhad and AmInvestment Bank Berhad, on behalf of the Board of Directors of WCT, wish to announce that the Company has today submitted a new application to Bank Negara Malaysia to seek their approval for the issuance of WCT Warrants to non-residents.
This announcement is dated 15 October 2010.
MAXBIZ - MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY") - APPOINTMENT OF INVESTIGATION ADVISOR
Announcement Type: General Announcement
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- APPOINTMENT OF INVESTIGATION ADVISOR
Contents: Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcements dated 25 February 2010, 3 March 2010, 8 October 2010 and 12 October 2010.
We act for and on behalf of MAXBIZ.
Further to the announcements made by MAXBIZ on 25 February 2010, 3 March 2010, 8 October 2010 and 12 October 2010 in respect of the above matter, the Board of Directors ("the Board") of MAXBIZ wishes to provide herewith the summary of key findings of the investigative report by Messrs. Ferrier Hodgson MH Sdn Bhd:-
1) The RCSLS were issued against the land, plant and machinery of the Geahin Engineering Berhad ("GEB") and was found not to be in working order. As such, GEB could not have been an operating cash generating unit.
a) All plant and machinery were either not in working condition or "not sighted". The 349 items listed in the core assets list were missing and as such the acquisition of GEB was not viable and the RCSLS which were secured against such assets should not have been issued.
b) The RULS were issued against the receivables of GEB and have found to have been paid to GEB already or that they are non-existent. MAXBIZ therefore could not have collected the monies to redeem the RULS. Therefore, the RULS which were secured against the receivables of GEB should not have been issued.
There is sufficient evidence to suggest that all the parties concerned had knowledge of these facts and still proceeded with the corporate exercise to issue the said bonds.
2) MKK was acquired by MAXBIZ as part of the Reverse Take Over ("RTO") exercise. The acquisition was made by the issuance of RM53.64 million of MAXBIZ's shares. There have been claims from the Royal Malaysia Customs ("RMC"), Inland Revenue Board ("IRB"), Interad Limited T/A Sclavos International and Thies GmbH and Co.
a) The claims by RMC are in relation to unpaid sales taxes and penalties which appear to have been incurred prior to 4th February 2001 and/or between 23rd November to 7th October 2004, preacquisition period of MKK by MAXBIZ.
b) MKK has not been remitting corporation tax since 1997. Notes stated in MKK's audited accounts for financial years 1999, 2000 and 2001 did not indicate any tax claims by IRB against MKK.
c) MKK has received claims from Intertrad Limited for outstanding sum of USD 926,957.23 and Thies GmbH and Co. for EUR 118,557.94 being unsettled balance for the purchase of equipment made in 2000 and 2001 whilst these equipment appears in the fixed assets lists of MKK as fully paid.
3) Mayford Garments Sdn. Bhd. ("MGSB") was acquired by MAXBIZ as part of the RTO exercise by the issuance of RM66,591,000 of MAXBIZ's shares.
a) MGSB was wound up by RHB Bank Berhad in February 2007 for an outstanding loan of RM1.6million and the machinery of value RM47 million remains unaccounted for.
The Board was advised by the solicitors not to discuss the above investigations in details as it may jeopardise the legal actions to be taken against the relevant parties.
This announcement is dated 15 October 2010.
Company Name: MAXBIZ CORPORATION BERHAD
Stock Name: MAXBIZ
Date Announced: 15/10/2010
Announcement Detail:
Type: Announcement
Subject: MAXBIZ CORPORATION BERHAD ("MAXBIZ" OR "THE COMPANY")
- APPOINTMENT OF INVESTIGATION ADVISOR
Contents: Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcements dated 25 February 2010, 3 March 2010, 8 October 2010 and 12 October 2010.
We act for and on behalf of MAXBIZ.
Further to the announcements made by MAXBIZ on 25 February 2010, 3 March 2010, 8 October 2010 and 12 October 2010 in respect of the above matter, the Board of Directors ("the Board") of MAXBIZ wishes to provide herewith the summary of key findings of the investigative report by Messrs. Ferrier Hodgson MH Sdn Bhd:-
1) The RCSLS were issued against the land, plant and machinery of the Geahin Engineering Berhad ("GEB") and was found not to be in working order. As such, GEB could not have been an operating cash generating unit.
a) All plant and machinery were either not in working condition or "not sighted". The 349 items listed in the core assets list were missing and as such the acquisition of GEB was not viable and the RCSLS which were secured against such assets should not have been issued.
b) The RULS were issued against the receivables of GEB and have found to have been paid to GEB already or that they are non-existent. MAXBIZ therefore could not have collected the monies to redeem the RULS. Therefore, the RULS which were secured against the receivables of GEB should not have been issued.
There is sufficient evidence to suggest that all the parties concerned had knowledge of these facts and still proceeded with the corporate exercise to issue the said bonds.
2) MKK was acquired by MAXBIZ as part of the Reverse Take Over ("RTO") exercise. The acquisition was made by the issuance of RM53.64 million of MAXBIZ's shares. There have been claims from the Royal Malaysia Customs ("RMC"), Inland Revenue Board ("IRB"), Interad Limited T/A Sclavos International and Thies GmbH and Co.
a) The claims by RMC are in relation to unpaid sales taxes and penalties which appear to have been incurred prior to 4th February 2001 and/or between 23rd November to 7th October 2004, preacquisition period of MKK by MAXBIZ.
b) MKK has not been remitting corporation tax since 1997. Notes stated in MKK's audited accounts for financial years 1999, 2000 and 2001 did not indicate any tax claims by IRB against MKK.
c) MKK has received claims from Intertrad Limited for outstanding sum of USD 926,957.23 and Thies GmbH and Co. for EUR 118,557.94 being unsettled balance for the purchase of equipment made in 2000 and 2001 whilst these equipment appears in the fixed assets lists of MKK as fully paid.
3) Mayford Garments Sdn. Bhd. ("MGSB") was acquired by MAXBIZ as part of the RTO exercise by the issuance of RM66,591,000 of MAXBIZ's shares.
a) MGSB was wound up by RHB Bank Berhad in February 2007 for an outstanding loan of RM1.6million and the machinery of value RM47 million remains unaccounted for.
The Board was advised by the solicitors not to discuss the above investigations in details as it may jeopardise the legal actions to be taken against the relevant parties.
This announcement is dated 15 October 2010.
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