November 18, 2010

Company announcements: KNM, EKIB, BSLCORP, SCNWOLF, SUNCRN, AXIS, BREM, FPI

KNM - Material Contract secured by KNM Group Berhad's subsidiary amounting to approximately RM680 million

Announcement Type: General Announcement
Company Name: KNM GROUP BERHAD
Stock Name: KNM
Date Announced: 18/11/2010

Announcement Detail:
Type: Announcement

Subject: Material Contract secured by KNM Group Berhad's subsidiary amounting to approximately RM680 million

Contents: 1. Introduction

KNM Group Berhad ("KNM") is pleased to announce that its wholly owned subsidiary, KNM Process Systems Sdn Bhd ("KNMPS"), had on 16 November 2010 received notification that it had won the bid for the supply of Technical Documentation, Equipment and Services for the development of gas condensate fields i.e. Adamtash, Gumbulak and Djarkuduk Yangi Kizilcha in the Republic of Uzbekistan amounting to about USD216 million (equivalent to approximately RM680 million based on the exchange rate of USD1.00 : RM3.14) and for a contract duration of about 2 years from Lukoil Uzbekistan Operating Company ("the Project"), subject to the execution of contract agreements.


2. Information on KNMPS

KNMPS was incorporated as a private limited company under the laws of Malaysia on 28 June 1990. Its registered address is at 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan. KNMPS is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers and specialised shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages and turnkey storage facilities as well as technical and project management services in relation to process equipment, plant facilities and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide.


3. Directors' and major shareholders' interest

None of the directors or major shareholders of KNM, or any persons connected to them, has any direct or indirect interest in the above Project.


4. Effect of the Project

The Project is not expected to have any material impact to KNM Group's financial performance for year ending 31 December 2010. However, it is expected to contribute positively to KNM Group's earnings for the financial years ending 31 December 2011 and 31 December 2012.


5. Risk Factors

The Project is subject to certain risks mainly in the oil, gas, petrochemical, and energy industries in the Republic of Uzbekistan. These include changes in general economic conditions such as, but not limited to inflation, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions.

The Project does not alter the risk profile of KNM as KNM Group is already operating in these industries and hence would continue to be exposed to risk factors that they currently face whilst operating in the industry.

Although KNM Group with its vast experience may undertake efforts to mitigate the various risks, there is no assurance that any change in the above factors will not have a material adverse effect on the business and operations of KNM and/or KNMPS.

This announcement is dated 18 November 2010.


EKIB - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: HONG LEONG INVESTMENT BANK BERHAD
Company Name: EMAS KIARA INDUSTRIES BERHAD
Stock Name: EKIB
Date Announced: 18/11/2010

Announcement Detail:
Type: Reply to query

Reply to Bursa Malaysia's Query Letter - Reference ID: NE-101116-54033

Subject: EMAS KIARA INDUSTRIES BERHAD ("EMAS KIARA" OR THE "COMPANY")
PROPOSED DISPOSAL OF THE BUSINESS OF EMAS KIARA AND THE RELEVANT SUBSIDIARIES FOR A TOTAL CASH CONSIDERATION OF RM100.0 MILLION ("PROPOSED DISPOSAL")

Contents: We refer to the announcement dated 15 November 2010 and on behalf of Emas Kiara, please find attached the replies to Bursa Malaysia Securities Berhad's queries via its letter dated 16 November 2010.

Query Letter content: We refer to EKIB's announcement dated 15 November 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 :-

1. Basis of how the Stipulated Value of RM28,519,278 is arrived at;
2. Details reason as to why there will be no increase to the disposal
consideration in the event that the market value is higher than the Stipulated
Value;
3. Breakdown of the disposal consideration for each of the assets together with
the basis and justification in arriving at the disposal consideration;
4. Further clarification on the statement "the Vendors shall continue to
fulfill their open order obligations and will over time turn their receivables
and inventories into cash".
5. Further elaboration on the nature of business conducted by Advance Techical
Fabric Sdn Bhd, Khidmat Edar (M) Sdn Bhd, Innovative Industrial Textiles Sdn
Bhd, Kiara Tex Sdn Bhd, Fibre Innovation Technology Sdn Bhd, Geoasia Research
Centre Sdn Bhd, Emas Kiara Marketing Sdn Bhd, Kiaratex Exports Pte Ltd and
Raswill Representative Pte Ltd, including but not limited to, the principal
products manufactured or service rendered, usage of its products, principal
markets of its products (locally or overseas), etc;
6. Rationale of the Disposal
a) To quantify the premium as well as the net book value of the Assets;
b) Further clarification on why the Company wants to unlock the value of the
business given that they will not have a significant business or operations and
may fall under Practice Note 16 and 17 of the Listing Requirements.
7. Proposed Utilisation of the disposal proceeds
a) Net interest saving per annum as a result of redemption of bank loan;
b) It is noted that the Company will only retain the business relating to
installation and engineering services upon the completion of the Disposal. In
this regard, please provide a further breakdown on the funds to be used for
working capital;




c) To clarify further on the statement "the proforma net assets of Emas Kiara
of approximately RM105.9 million shall eventually comprise mainly cash".
8. Breakdown on how the disposal gain of RM28.3 million is arrived at.


Please furnish Bursa Securities with your reply within one (1) market day from
the date hereof.


Yours faithfully




CHONG FUI TZY
Head, Issuers
Listing Division
Regulation

HTH/NAE

c.c. General Manager & Head, Market Surveillance, Securities Commission (via
fax)

Attachments: Reply to Bursa.pdf


BSLCORP - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: BSL CORPORATION BERHAD
Stock Name: BSLCORP
Date Announced: 18/11/2010

Announcement Detail:
Date of buy back: 18/11/2010

Description of shares purchased: Ordinary Shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 22,000

Minimum price paid for each share purchased ($$): 0.400

Maximum price paid for each share purchased ($$): 0.400

Total consideration paid ($$): 8,864.44

Number of shares purchased retained in treasury (units): 22,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 680,300

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 (%): 0.69


SCNWOLF - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 18/11/2010

Announcement Detail:
Date of buy back: 18/11/2010

Description of shares purchased: Ordinary Shares of RM0.50 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 35,000

Minimum price paid for each share purchased ($$): 0.370

Maximum price paid for each share purchased ($$): 0.370

Total consideration paid ($$): 13,044.59

Number of shares purchased retained in treasury (units): 35,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 831,700

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 1.04


SUNCRN - Notice of Shares Buy Back by a Company pursuant to Form 28A

Announcement Type: Notice of Shares Buy Back by a Company Pursuant to Form 28A
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 18/11/2010

Announcement Detail:
Date of buy back from: 09/11/2010

Date of buy back to: 12/11/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 14,000

Minimum price paid for each share purchased ($$): 1.700

Maximum price paid for each share purchased ($$): 1.730

Total amount paid for shares purchased ($$): 24,125.89

The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad

Number of shares purchased retained in treasury (units): 14,000

Total number of shares retained in treasury (units): 1,520,700

Number of shares purchased which were cancelled (units): 0

Total issued capital as diminished: N/A

Date lodged with registrar of companies: 18/11/2010

Lodged by: Epsilon Advisory Services Sdn Bhd


SUNCRN - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 18/11/2010

Announcement Detail:
Date of buy back: 18/11/2010

Description of shares purchased: Ordinary shares of RM1.00 each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 4,000

Minimum price paid for each share purchased ($$): 1.680

Maximum price paid for each share purchased ($$): 1.690

Total consideration paid ($$): 6,779.40

Number of shares purchased retained in treasury (units): 4,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 1,539,700

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 (%): 3.76


AXIS - AMENDED PN17 : AXIS INCORPORATION BERHAD TO BE DE-LISTED

Announcement Type: Listing Circular
Company Name: AXIS INCORPORATION BERHAD
Stock Name: AXIS
Date Announced: 18/11/2010

Announcement Detail:
Subject: AMENDED PN17 : AXIS INCORPORATION BERHAD TO BE DE-LISTED

Contents: Bursa Malaysia Securities Berhad ("Bursa Securities") announces that the securities of Axis Incorporation Berhad ("AXIS" or "the Company"), an Amended PN17 Company will be de-listed and removed from the Official List of Bursa Securities on Tuesday, 30 November 2010. .

The de-listing of AXIS is in accordance with the decision of Bursa Securities announced by the Company on 13 October 2010 as AXIS has failed to comply with the extended timeframe granted by Bursa Securities until 16 November 2010 to submit the regularisation plan to Bursa Securities for approval.

Effect of De-listing from the Official List of Bursa Securities

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts with Bursa Depository, at anytime after the securities of the company are de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of AXIS, the Company will continue to exist but as unlisted entities. AXIS is still able to continue its operations and business and proceed with its corporate restructuring and shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


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: 18/11/2010

Announcement Detail:
Date of buy back: 18/11/2010

Description of shares purchased: Ordinary Shares @ RM1/- Each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 17,000

Minimum price paid for each share purchased ($$): 1.260

Maximum price paid for each share purchased ($$): 1.270

Total consideration paid ($$): 21,548.44

Number of shares purchased retained in treasury (units): 17,000

Number of shares purchased which are proposed to be cancelled (units): 0

Cumulative net outstanding treasury shares as at to-date (units): 4,855,800

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 (%): 3.48


FPI - Quarterly rpt on consolidated results for the financial period ended 30/9/2010

Announcement Type: Financial Results
Company Name: FORMOSA PROSONIC INDUSTRIES BERHAD
Stock Name: FPI
Date Announced: 18/11/2010

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)


FPI - Change of Financial Year End

Announcement Type: Change of Financial Year End
Company Name: FORMOSA PROSONIC INDUSTRIES BERHAD
Stock Name: FPI
Date Announced: 18/11/2010

Announcement Detail:
Old financial year end: 31/03/2011

New financial year end: 31/12/2010



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