FFHB - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: FEDERAL FURNITURE HOLDINGS (M) BERHAD
Stock Name: FFHB
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: FEDERAL FURNITURE HOLDINGS (M) BERHAD
Stock Name: FFHB
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
PRDUREN - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: PERDUREN (M) BERHAD
Stock Name: PRDUREN
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/03/2011
Quarter: 2
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: PERDUREN (M) BERHAD
Stock Name: PRDUREN
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/03/2011
Quarter: 2
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
SKW - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: SYARIKAT KAYU WANGI BERHAD
Stock Name: SKW
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: SYARIKAT KAYU WANGI BERHAD
Stock Name: SKW
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
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: 29/11/2010
Announcement Detail:
Date of buy back: 29/11/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 30,000
Minimum price paid for each share purchased ($$): 1.240
Maximum price paid for each share purchased ($$): 1.250
Total consideration paid ($$): 37,572.99
Number of shares purchased retained in treasury (units): 30,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,038,800
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.61
Company Name: BREM HOLDING BERHAD
Stock Name: BREM
Date Announced: 29/11/2010
Announcement Detail:
Date of buy back: 29/11/2010
Description of shares purchased: Ordinary Shares @ RM1/- Each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 30,000
Minimum price paid for each share purchased ($$): 1.240
Maximum price paid for each share purchased ($$): 1.250
Total consideration paid ($$): 37,572.99
Number of shares purchased retained in treasury (units): 30,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 5,038,800
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 (%): 3.61
PMETAL - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 29/11/2010
Announcement Detail:
Date of change: 29/11/2010
Type of change: Appointment
Designation: Secretary
License no.: MAICSA 7015852
Name: Tan Ai Ning
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 29/11/2010
Announcement Detail:
Date of change: 29/11/2010
Type of change: Appointment
Designation: Secretary
License no.: MAICSA 7015852
Name: Tan Ai Ning
PMETAL - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 29/11/2010
Announcement Detail:
Date of change: 29/11/2010
Type of change: Resignation
Designation: Secretary
License no.: MAICSA 7039045
Name: Wong Wan Theen
Working experience and occupation during past 5 years: N/A
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 29/11/2010
Announcement Detail:
Date of change: 29/11/2010
Type of change: Resignation
Designation: Secretary
License no.: MAICSA 7039045
Name: Wong Wan Theen
Working experience and occupation during past 5 years: N/A
PMETAL - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: PRESS METAL BERHAD
Stock Name: PMETAL
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 31/12/2010
Quarter: 3
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
EKOVEST - Outstanding Related Party Receivables
Announcement Type: General Announcement
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 29/11/2010
Announcement Detail:
Type: Announcement
Subject: Outstanding Related Party Receivables
Contents: We have pleasure to forward the attached Outstanding Recurrent Related Party Transaction receivables as at 30 September 2010.
Attachments: EB-OS Related Party Receivables-30-9-2010.xlsx
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 29/11/2010
Announcement Detail:
Type: Announcement
Subject: Outstanding Related Party Receivables
Contents: We have pleasure to forward the attached Outstanding Recurrent Related Party Transaction receivables as at 30 September 2010.
Attachments: EB-OS Related Party Receivables-30-9-2010.xlsx
EKOVEST - Quarterly rpt on consolidated results for the financial period ended 30/9/2010
Announcement Type: Financial Results
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 30/06/2011
Quarter: 1
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 29/11/2010
Announcement Detail:
Financial Year End: 30/06/2011
Quarter: 1
Quarterly report for the financial period ended: 30/09/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
EKOVEST - PURCHASE OF PROPERTIES BY MILAN PRESTASI SDN BHD
Announcement Type: General Announcement
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 29/11/2010
Announcement Detail:
Type: Announcement
Subject: PURCHASE OF PROPERTIES BY MILAN PRESTASI SDN BHD
Contents: INTRODUCTION
The Board of Directors of Ekovest Berhad ("Ekovest" or "the Company") wishes to announce that Milan Prestasi Sdn Bhd, a wholly owned subsidiary of Ekovest Land Sdn Bhd, which in-turn is a wholly owned subsidiary of Ekovest, had on 29 November 2010 entered into Sale & Purchase Agreements with Danga Bay Sdn Bhd ("vendor" or "the developer") to acquire ten (10) bungalow lots from Danga Bay Sdn Bhd for a total purchase consideration of Ringgit Malaysia: Fifteen Million Three Hundred Fifty Six Thousand Four Hundred And Eighty Four Only (RM15,356,484.00).
INFORMATION REGARDING THE PROPERTIES
The 10 bungalow lots purchased by Milan Prestasi Sdn Bhd are all in the Bandar Johor Bahru, Daerah Johor Bahru, Negeri Johor:-
Lot No. PTB Land Area (sq. ft.) Price (RM)
2155 22725 8,156 1,394,676.00
2156 22726 7,000 1,197,000.00
2157 22727 8,775 1,500,525.00
2189 22728 10,156 1,736,676.00
2192 22719 8,000 1,368,000.00
2193 22718 8,000 1,368,000.00
2184 22681 9,000 1,539,000.00
2185 22682 11,513 1,968,723.00
2186 22683 10,204 1,744,884.00
2187 22684 9,000 1,539,000.00
____________
Total 15,356,484.00
============
DETAILS OF THE VENDOR
Danga Bay Sdn Bhd
Company No. 428615-D
Registered Office:
1-2-1 Jalan 2/50, Diamond Square, Off Jalan Gombak, 53000 Kuala Lumpur
Directors:
Tuan Haji Johar Salim Bin Yahaya
Dato' Lim Kang Hoo
Madam Lim Hoe
Mr. Lim Keng Cheng
Shareholders:
Danga Bay Holdings Sdn Bhd - 70%
Credence Resources Sdn Bhd - 30%
BASIS OF ARRIVING AT THE CONSIDERATION
The consideration sum was arrived after taking into the consideration of the 5% discount from the developer, Danga Bay Sdn Bhd's selling price.
SOURCE OF FINANCING
The purchase consideration of RM15,356,484.00 will be funded from internally generated funds and/or financial institutions.
APPROVALS
The transaction does not require shareholders and/or governmental authorities approvals.
EFFECTS OF THE TRANSACTION
There is no effect of the transaction on the share capital, net tangible assets and gearing of Ekovest and no change of the substantial shareholders and their respective shareholdings.
RATIONALE FOR THE ACQUISITION
The acquisition is for the purpose of investment in a strategic location with potential for capital growth/development purpose.
The properties are located within a prime location within the Iskandar Development Region which is earmarked for development into an exclusive integrated waterfront city offering amongst others, upscale properties, top notch retail outlets, entertainment and leisure activities, an oasis for local and international food and beverage and top-draw events and activities in Johor Bahru City.
ENCUMBRANCES
The properties are free from encumbrances upon delivery of vacant possession.
RISK FACTORS
Property prices may be adversely affected by domestic economic conditions, local real estate conditions, public perception of the attractiveness of the property, changes from comparable sale and/or rental that may be generated. Other relevant factors also include changes in interest rates, availability of funds, changes in governmental regulations, changes in tax laws, environmental laws and other legal liabilities. Property investments are not liquid and limits the ability of converting the same to cash upon short notice, in which case a reduction in price may have to be endured for a quick sale.
The Company will mitigate the risk factors by constantly reviewing the economic conditions and changes in market demand. The Company does not at this point expect that a requirement for a quick sale on short notice will become necessary.
ESTIMATED TIME FRAME
The estimated time frame for completion is 36 months.
DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTEREST
Save and except for Dato' Lim Kang Hoo who is deemed interested in the transaction by virtue of Dato' Lim Kang Hoo being a Director and major shareholder of Danga Bay Sdn Bhd. Accordingly Dato' Lim Kang Hoo make no opinion and recommendation and abstain from deliberation and voting in regards to the transaction.
STATEMENT OF DIRECTORS
The Board save and except for Dato' Lim Kang Hoo after taking into consideration all the relevant factors and after careful deliberation is of the opinion that the acquisition is in the best interest of the Company and its shareholders.
COMMISSION'S POLICIES AND GUIDELINES
The transaction does not depart from the Commission's policies and guidelines on issue/offer of securities.
DOCUMENTS FOR INSPECTION
The Sale & Purchase Agreements will be available for inspection at the registered address of the Company at 33-35 Ground Floor Wisma Ekovest, Jalan Desa Gombak 6, Taman Sri Setapak, Off Jalan Gombak, 53000 Kuala Lumpur during normal office hours from Mondays to Fridays (except public holidays).
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 29/11/2010
Announcement Detail:
Type: Announcement
Subject: PURCHASE OF PROPERTIES BY MILAN PRESTASI SDN BHD
Contents: INTRODUCTION
The Board of Directors of Ekovest Berhad ("Ekovest" or "the Company") wishes to announce that Milan Prestasi Sdn Bhd, a wholly owned subsidiary of Ekovest Land Sdn Bhd, which in-turn is a wholly owned subsidiary of Ekovest, had on 29 November 2010 entered into Sale & Purchase Agreements with Danga Bay Sdn Bhd ("vendor" or "the developer") to acquire ten (10) bungalow lots from Danga Bay Sdn Bhd for a total purchase consideration of Ringgit Malaysia: Fifteen Million Three Hundred Fifty Six Thousand Four Hundred And Eighty Four Only (RM15,356,484.00).
INFORMATION REGARDING THE PROPERTIES
The 10 bungalow lots purchased by Milan Prestasi Sdn Bhd are all in the Bandar Johor Bahru, Daerah Johor Bahru, Negeri Johor:-
Lot No. PTB Land Area (sq. ft.) Price (RM)
2155 22725 8,156 1,394,676.00
2156 22726 7,000 1,197,000.00
2157 22727 8,775 1,500,525.00
2189 22728 10,156 1,736,676.00
2192 22719 8,000 1,368,000.00
2193 22718 8,000 1,368,000.00
2184 22681 9,000 1,539,000.00
2185 22682 11,513 1,968,723.00
2186 22683 10,204 1,744,884.00
2187 22684 9,000 1,539,000.00
____________
Total 15,356,484.00
============
DETAILS OF THE VENDOR
Danga Bay Sdn Bhd
Company No. 428615-D
Registered Office:
1-2-1 Jalan 2/50, Diamond Square, Off Jalan Gombak, 53000 Kuala Lumpur
Directors:
Tuan Haji Johar Salim Bin Yahaya
Dato' Lim Kang Hoo
Madam Lim Hoe
Mr. Lim Keng Cheng
Shareholders:
Danga Bay Holdings Sdn Bhd - 70%
Credence Resources Sdn Bhd - 30%
BASIS OF ARRIVING AT THE CONSIDERATION
The consideration sum was arrived after taking into the consideration of the 5% discount from the developer, Danga Bay Sdn Bhd's selling price.
SOURCE OF FINANCING
The purchase consideration of RM15,356,484.00 will be funded from internally generated funds and/or financial institutions.
APPROVALS
The transaction does not require shareholders and/or governmental authorities approvals.
EFFECTS OF THE TRANSACTION
There is no effect of the transaction on the share capital, net tangible assets and gearing of Ekovest and no change of the substantial shareholders and their respective shareholdings.
RATIONALE FOR THE ACQUISITION
The acquisition is for the purpose of investment in a strategic location with potential for capital growth/development purpose.
The properties are located within a prime location within the Iskandar Development Region which is earmarked for development into an exclusive integrated waterfront city offering amongst others, upscale properties, top notch retail outlets, entertainment and leisure activities, an oasis for local and international food and beverage and top-draw events and activities in Johor Bahru City.
ENCUMBRANCES
The properties are free from encumbrances upon delivery of vacant possession.
RISK FACTORS
Property prices may be adversely affected by domestic economic conditions, local real estate conditions, public perception of the attractiveness of the property, changes from comparable sale and/or rental that may be generated. Other relevant factors also include changes in interest rates, availability of funds, changes in governmental regulations, changes in tax laws, environmental laws and other legal liabilities. Property investments are not liquid and limits the ability of converting the same to cash upon short notice, in which case a reduction in price may have to be endured for a quick sale.
The Company will mitigate the risk factors by constantly reviewing the economic conditions and changes in market demand. The Company does not at this point expect that a requirement for a quick sale on short notice will become necessary.
ESTIMATED TIME FRAME
The estimated time frame for completion is 36 months.
DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTEREST
Save and except for Dato' Lim Kang Hoo who is deemed interested in the transaction by virtue of Dato' Lim Kang Hoo being a Director and major shareholder of Danga Bay Sdn Bhd. Accordingly Dato' Lim Kang Hoo make no opinion and recommendation and abstain from deliberation and voting in regards to the transaction.
STATEMENT OF DIRECTORS
The Board save and except for Dato' Lim Kang Hoo after taking into consideration all the relevant factors and after careful deliberation is of the opinion that the acquisition is in the best interest of the Company and its shareholders.
COMMISSION'S POLICIES AND GUIDELINES
The transaction does not depart from the Commission's policies and guidelines on issue/offer of securities.
DOCUMENTS FOR INSPECTION
The Sale & Purchase Agreements will be available for inspection at the registered address of the Company at 33-35 Ground Floor Wisma Ekovest, Jalan Desa Gombak 6, Taman Sri Setapak, Off Jalan Gombak, 53000 Kuala Lumpur during normal office hours from Mondays to Fridays (except public holidays).
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