KENANGA - General Announcement
Announcement Type: General Announcement
Company Name: K & N KENANGA HOLDINGS BERHAD
Stock Name: KENANGA
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED TRANSFER OF BUSINESS AND STAFF OF KENANGA FUND MANAGEMENT BERHAD TO KENANGA INVESTORS BERHAD (FORMERLY KNOWN AS CMS TRUST MANAGEMENT BERHAD)
Contents: We refer to our announcement dated 19 July 2010 in respect of the proposed transfer of business and staff of Kenanga Fund Management Berhad to Kenanga Investors Berhad (Formerly known as CMS Trust Management Berhad) ("Proposed Transfer of Business").
We are pleased to announce that the Proposed Transfer of Business was completed on 1 November 2010.
This announcement is dated 1 November 2010.
Company Name: K & N KENANGA HOLDINGS BERHAD
Stock Name: KENANGA
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED TRANSFER OF BUSINESS AND STAFF OF KENANGA FUND MANAGEMENT BERHAD TO KENANGA INVESTORS BERHAD (FORMERLY KNOWN AS CMS TRUST MANAGEMENT BERHAD)
Contents: We refer to our announcement dated 19 July 2010 in respect of the proposed transfer of business and staff of Kenanga Fund Management Berhad to Kenanga Investors Berhad (Formerly known as CMS Trust Management Berhad) ("Proposed Transfer of Business").
We are pleased to announce that the Proposed Transfer of Business was completed on 1 November 2010.
This announcement is dated 1 November 2010.
MPCORP - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Company Name: MALAYSIA PACIFIC CORPORATION BERHAD
Stock Name: MPCORP
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Appointment
Designation: Secretary
License no.: MAICSA 7055910
Name: Chin Lee Chyen
Remark: This announcement is dated 1 November 2010
Company Name: MALAYSIA PACIFIC CORPORATION BERHAD
Stock Name: MPCORP
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Appointment
Designation: Secretary
License no.: MAICSA 7055910
Name: Chin Lee Chyen
Remark: This announcement is dated 1 November 2010
ARK - General Announcement
Announcement Type: General Announcement
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: ARK RESOURCES BERHAD ("ARK" OR "THE COMPANY")
AWARD OF CONTRACT ON A "DESIGN AND BUILD" BASIS FOR THE CONTRUCTION OF BUSINESS/COMMERCIAL UNITS AND BUILDINGS IN PAROI MUKIM AMPANGAN, DAERAH SEREMBAN, NEGERI SEMBILAN DARUL KHUSUS
Contents: 1. INTRODUCTION
The Board of Directors of ARK Resources Berhad ("ARK" or "the Company") is pleased to announce that it has today entered into an Agreement with Prop Development Sdn. Bhd. (Company No. 70918-A), a company incorporated with limited liability under the laws of Malaysia and having an office at No. 1, Jalan Angsana 2, Taman Pinggiran Golf, 70400 Seremban, Negeri Sembilan Darul Khusus (hereinafter called "PROP") to construct and complete the construction works for the development of business/commercial units and buildings in Paroi, Mukim Ampangan, Daerah Seremban, Negeri Sembilan Darul Khusus ("the Project").
2. INFORMATION ON THE PROJECT
ARK will undertake the main construction works under the Project on a design and build basis which will be carried out in two phases at an estimated Contract Value of Ringgit Malaysia One Hundred Million (RM100,000,000.00) only. The Project is expected to be fully completed in two years.
3. CONDITIONS PRECEDENT
The award of the contracts for the Project is conditional inter alia upon:-
(a) The successful completion of ARK's Corporate Restructuring Exercise, re-quotation of ARK's shares on the Main Market of Bursa Malaysia Securities Berhad and Upliftment of ARK's PN17 status within 120 days from the date of the Agreement.
(b) Relevant approvals from the authorities/parties to commence the development of the Project.
4. FINANCIAL EFFECTS
The Project is expected to contribute positively to the earnings of ARK Group for the future financial years commencing FYE 2011.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
Save for Dato' Mohd Salleh Bin Yeop Abd Rahman who is a Director of PROP as well as a Non-Executive Director of ARK, none of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company have any direct or indirect interest in the Project.
Dato' Mohd Salleh Bin Yeop Abd Rahman is not a shareholder of PROP nor ARK.
This announcement is dated 1 November, 2010
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: ARK RESOURCES BERHAD ("ARK" OR "THE COMPANY")
AWARD OF CONTRACT ON A "DESIGN AND BUILD" BASIS FOR THE CONTRUCTION OF BUSINESS/COMMERCIAL UNITS AND BUILDINGS IN PAROI MUKIM AMPANGAN, DAERAH SEREMBAN, NEGERI SEMBILAN DARUL KHUSUS
Contents: 1. INTRODUCTION
The Board of Directors of ARK Resources Berhad ("ARK" or "the Company") is pleased to announce that it has today entered into an Agreement with Prop Development Sdn. Bhd. (Company No. 70918-A), a company incorporated with limited liability under the laws of Malaysia and having an office at No. 1, Jalan Angsana 2, Taman Pinggiran Golf, 70400 Seremban, Negeri Sembilan Darul Khusus (hereinafter called "PROP") to construct and complete the construction works for the development of business/commercial units and buildings in Paroi, Mukim Ampangan, Daerah Seremban, Negeri Sembilan Darul Khusus ("the Project").
2. INFORMATION ON THE PROJECT
ARK will undertake the main construction works under the Project on a design and build basis which will be carried out in two phases at an estimated Contract Value of Ringgit Malaysia One Hundred Million (RM100,000,000.00) only. The Project is expected to be fully completed in two years.
3. CONDITIONS PRECEDENT
The award of the contracts for the Project is conditional inter alia upon:-
(a) The successful completion of ARK's Corporate Restructuring Exercise, re-quotation of ARK's shares on the Main Market of Bursa Malaysia Securities Berhad and Upliftment of ARK's PN17 status within 120 days from the date of the Agreement.
(b) Relevant approvals from the authorities/parties to commence the development of the Project.
4. FINANCIAL EFFECTS
The Project is expected to contribute positively to the earnings of ARK Group for the future financial years commencing FYE 2011.
5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
Save for Dato' Mohd Salleh Bin Yeop Abd Rahman who is a Director of PROP as well as a Non-Executive Director of ARK, none of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company have any direct or indirect interest in the Project.
Dato' Mohd Salleh Bin Yeop Abd Rahman is not a shareholder of PROP nor ARK.
This announcement is dated 1 November, 2010
ARK - General Announcement
Announcement Type: General Announcement
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: ARK RESOURCES BERHAD ("ARK" OR "THE COMPANY")
-Monthly Status on default in payment pursuant to Practice Note 1 of Bursa Malaysia Securities Berhad's Listing Requirement
Contents: Further to our announcement made on 1 October 2010, ARK wishes to update on the details of the various credit facilities in default to the financial institutions as at 30 October 2010 (that is to be addressed in the Corporate Restructuring approved by the Securities Commission on 30 April, 2007) details of which are as per the attached table.
Attachments: PN1 Table- 31.10.2010.doc
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: ARK RESOURCES BERHAD ("ARK" OR "THE COMPANY")
-Monthly Status on default in payment pursuant to Practice Note 1 of Bursa Malaysia Securities Berhad's Listing Requirement
Contents: Further to our announcement made on 1 October 2010, ARK wishes to update on the details of the various credit facilities in default to the financial institutions as at 30 October 2010 (that is to be addressed in the Corporate Restructuring approved by the Securities Commission on 30 April, 2007) details of which are as per the attached table.
Attachments: PN1 Table- 31.10.2010.doc
ARK - General Announcement
Announcement Type: General Announcement
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: ARK RESOURCES BERHAD ("ARK" OR "THE COMPANY")
-Monthly announcement on the status of the Company's plan to regularize the financial condition pursuant to Practice Note 17
Contents: There is no development from the Company's last announcement on 1 October 2010. The Company is taking the neccessary steps to implement and complete the Corporate Restructuring Exercise by 31 December 2010.
Company Name: ARK RESOURCES BERHAD
Stock Name: ARK
Date Announced: 01/11/2010
Announcement Detail:
Type: Announcement
Subject: ARK RESOURCES BERHAD ("ARK" OR "THE COMPANY")
-Monthly announcement on the status of the Company's plan to regularize the financial condition pursuant to Practice Note 17
Contents: There is no development from the Company's last announcement on 1 October 2010. The Company is taking the neccessary steps to implement and complete the Corporate Restructuring Exercise by 31 December 2010.
ATLAN - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of buy back: 01/11/2010
Description of shares purchased: ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 15,800
Minimum price paid for each share purchased ($$): 3.170
Maximum price paid for each share purchased ($$): 3.200
Total consideration paid ($$): 50,606.45
Number of shares purchased retained in treasury (units): 15,800
Cumulative net outstanding treasury shares as at to-date (units): 1,648,649
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.65
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of buy back: 01/11/2010
Description of shares purchased: ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 15,800
Minimum price paid for each share purchased ($$): 3.170
Maximum price paid for each share purchased ($$): 3.200
Total consideration paid ($$): 50,606.45
Number of shares purchased retained in treasury (units): 15,800
Cumulative net outstanding treasury shares as at to-date (units): 1,648,649
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.65
ATLAN - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: MAICSA 7025619
Name: THUM SOOK FUN
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: MAICSA 7025619
Name: THUM SOOK FUN
ATLAN - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: MAICSA 0777689
Name: CHUA SIEW CHUAN
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Appointment
Designation: Joint Secretary
License no.: MAICSA 0777689
Name: CHUA SIEW CHUAN
ATLAN - Change Of Company Secretary
Announcement Type: Change Of Company Secretary
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Secretary
License no.: MACS 00363
Name: LIM SAW IM
Submitting Merchant Bank: N/A
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 01/11/2010
Announcement Detail:
Date of change: 01/11/2010
Type of change: Resignation
Designation: Secretary
License no.: MACS 00363
Name: LIM SAW IM
ASUPREM - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: ASTRAL SUPREME BERHAD
Stock Name: ASUPREM
Date Announced: 01/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NN-101029-43548
Subject: ASTRAL SUPREME BERHAD ("ASTRAL" OR "COMPANY")
- Proposed Par Value Reduction;
- Proposed M&A Amendments;
- Proposed Rights Issues; and
- Proposed Set-Off
(Collectively referred to as the "Proposals")
Contents: With reference to the Company's announcement dated 28 October 2010 and the letter from Bursa Malaysia Securities Berhad ("Bursa Securites") dated 29 October 2010 in relation to the Proposals, the following are the additional information requested by Bursa Securities for public release:
1) Total borrowings of the Astral Group ("Group") as at 31 October 2010 were approximately RM16,000,000. The proposed repayment of part of the Group's bank borrowings amounting to RM4,500,000 is expected to contribute to net interest savings of approximately RM360,000 per annum based on the interest rate of 8.5% per annum.
2) In view that the Proposed Rights Issues requires the requisite authorities' approvals and time to completion, the Group had earlier sought advances from Ooi Chieng Sim, a director and substantial shareholder as stated in Section 2.4 of the announcement dated 28 October 2010, to bridge the Group working capital requirements pending the completion of the fund raising exercise. Effectively, the working capital to be raised for the Group is the aggregate of the quantum of advances of RM9,000,000 to be repaid and the working capital of RM900,000. In this regards, the RM900,000, earmarked for working capital to be raised from the Proposed Rights Issues based on the minimum subscription level will be sufficient for the Group's funding requirements for its current projects.
3) The Proposals is expected to result in net interest savings arising from the repayment of bank borrowings of approximately RM360,000 per annum, which will improve the earnings of the Group. In addition, as explained above, the advances were essentially working capital for the Group to bridge the funds to be raised pursuant to the proposed fund raising exercise pending its completion. This will have positive contributions towards the future earnings of the Group. Further, the surplus of proceeds arising beyond the minimum subscription level will be utilised to secure and finance more future projects which will enhance the future earnings of the Group.
This announcement is dated 1 November 2010.
Query Letter content: We refer to your Company's announcement dated 28 October 2010, in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Total bank borrowings as at the latest date and the net interest saving per
annum as a result of the repayment of borrowings;
Given that the Proposed Rights Issue will be undertaken on the minimum
subscription level basis and the amount of funds earmarked for the working
capital is only RM900,000, please justify and elaborate further on whether the
Proposed Rights Issue will be sufficient for the Group's funding requirement;
and
Further elaboration on how the Proposals will contribute positively to the
future earnings of the Group in view that the substantial amount of proceeds
will be used for repayment of advances and retirement of borrowings (minimum
subscription level).
Yours faithfully,
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
CFT/NN
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Submitting Merchant Bank: PUBLIC INVESTMENT BANK BERHAD
Company Name: ASTRAL SUPREME BERHAD
Stock Name: ASUPREM
Date Announced: 01/11/2010
Announcement Detail:
Type: Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID: NN-101029-43548
Subject: ASTRAL SUPREME BERHAD ("ASTRAL" OR "COMPANY")
- Proposed Par Value Reduction;
- Proposed M&A Amendments;
- Proposed Rights Issues; and
- Proposed Set-Off
(Collectively referred to as the "Proposals")
Contents: With reference to the Company's announcement dated 28 October 2010 and the letter from Bursa Malaysia Securities Berhad ("Bursa Securites") dated 29 October 2010 in relation to the Proposals, the following are the additional information requested by Bursa Securities for public release:
1) Total borrowings of the Astral Group ("Group") as at 31 October 2010 were approximately RM16,000,000. The proposed repayment of part of the Group's bank borrowings amounting to RM4,500,000 is expected to contribute to net interest savings of approximately RM360,000 per annum based on the interest rate of 8.5% per annum.
2) In view that the Proposed Rights Issues requires the requisite authorities' approvals and time to completion, the Group had earlier sought advances from Ooi Chieng Sim, a director and substantial shareholder as stated in Section 2.4 of the announcement dated 28 October 2010, to bridge the Group working capital requirements pending the completion of the fund raising exercise. Effectively, the working capital to be raised for the Group is the aggregate of the quantum of advances of RM9,000,000 to be repaid and the working capital of RM900,000. In this regards, the RM900,000, earmarked for working capital to be raised from the Proposed Rights Issues based on the minimum subscription level will be sufficient for the Group's funding requirements for its current projects.
3) The Proposals is expected to result in net interest savings arising from the repayment of bank borrowings of approximately RM360,000 per annum, which will improve the earnings of the Group. In addition, as explained above, the advances were essentially working capital for the Group to bridge the funds to be raised pursuant to the proposed fund raising exercise pending its completion. This will have positive contributions towards the future earnings of the Group. Further, the surplus of proceeds arising beyond the minimum subscription level will be utilised to secure and finance more future projects which will enhance the future earnings of the Group.
This announcement is dated 1 November 2010.
Query Letter content: We refer to your Company's announcement dated 28 October 2010, in respect of
the aforesaid matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
Total bank borrowings as at the latest date and the net interest saving per
annum as a result of the repayment of borrowings;
Given that the Proposed Rights Issue will be undertaken on the minimum
subscription level basis and the amount of funds earmarked for the working
capital is only RM900,000, please justify and elaborate further on whether the
Proposed Rights Issue will be sufficient for the Group's funding requirement;
and
Further elaboration on how the Proposals will contribute positively to the
future earnings of the Group in view that the substantial amount of proceeds
will be used for repayment of advances and retirement of borrowings (minimum
subscription level).
Yours faithfully,
CHONG FUI TZY
Head, Issuers
Listing Division
Regulation
CFT/NN
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
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