November 15, 2010

Company announcements: OFI, INGRESS, TOPGLOV, LIMAHSN, FREIGHT, EWEIN, HARNLEN, POLY, DAIBOCI, GFB

OFI - Change Of Company Secretary

Announcement Type: Change Of Company Secretary
Company Name: ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD
Stock Name: OFI
Date Announced: 15/11/2010

Announcement Detail:
Date of change: 15/11/2010

Type of change: Resignation

Designation: Joint Secretary

License no.: LS 01302

Name: Catherine Mah Suik Ching


INGRESS - General Announcement

Announcement Type: General Announcement
Company Name: INGRESS CORPORATION BERHAD
Stock Name: INGRESS
Date Announced: 15/11/2010

Announcement Detail:
Type: Announcement

Subject: DIVESTMENT OF 80% SHARES IN MATRIX POWER SERVICES SDN BHD ("MPSSB") BY MULTI DISCOVERY SDN BHD ("MDSB" OR "VENDOR") ("DIVESTMENT")

Contents: 1. INTRODUCTION

On behalf of the Board of Directors of Ingress Corporation Berhad ("Ingress"), we wish to announce that MDSB, our wholly-owned subsidiary, has executed a Share Sale Agreement ("SSA") dated 12 November 2010 to divest its entire 400,000 ordinary shares of RM1.00 each ("Sale Shares"), representing 80% equity share, in MPSSB, to Ir. Mohd Haizad bin Hussain ("MHH" or "the Purchaser") for RM200,000 ("Sale Consideration").


2. DETAILS ON THE DIVESTMENT

2.1 Background Information on MPSSB

MPSSB is incorporated in Malaysia under the Companies Act, 1965 on 5 December 1994. The Company has an authorised share capital of RM500,000 comprising 500,000 ordinary shares of RM1.00 each, all of which have been issued and fully paid-up. Before the Divestment, MDSB and MHH hold 400,000 ordinary shares (80%) and 100,000 ordinary shares (20%) in MPSSB, respectively. Upon the completion of the Divestment, MPSSB will cease to be a subsidiary of Ingress and MHH will emerge as the sole shareholder of MPSSB.

MPSSB is involved in the business of manufacturing and supplying panel-based electrical equipment and provides electrical engineering services for power and utility industry.

2.2 Background Information on MHH

Ir. Mohd Haizad bin Hussain, is the 20% shareholder as well as the Managing Director of MPSSB. He holds a B.Sc degree in Electrical Engineering from Monash University, Australia as well as an MBA from UiTM Shah Alam.


2.3 Liabilities Assumed by MHH

MHH will undertake to release and/or discharge the corporate guarantee issued by Ingress to secure the financial facilities taken by MPSSB within two (2) months from the date of the SSA. Subsequent to the Divestment, MPSSB will cease to be a member of the Ingress Group and MHH will assume all liabilities of MPSSB, save for the aforementioned.

2.4 Basis of Arriving at the Sale Consideration

The Sale Consideration of RM200,000 or RM0.50 per Sale Share was arrived at on a willing buyer-willing seller basis based on the premium over the net liabilities position of MPSSB of (RM7.16) per share, as at 31 January 2010.

2.5 Cost of Investment and Gain/Loss on Disposal

The cost of investment in MPSSB in the Sale Shares by Ingress was RM400,000. Based on the unaudited Management Account as at 31 October 2010, the Divestment will result in a gain on disposal of RM3.6 million.

2.6 Salient Terms of the SSA

(i) The payment for the Sale Consideration shall be satisfied by the Purchaser to the Vendor in the following manner:

(a) on the execution date of this Agreement, the Purchaser shall pay a deposit of RM40,000 ("Deposit") to the Vendor by way of banker's draft drawn on a bank in Kuala Lumpur; and

(b) the Balance Purchase Consideration shall be paid by the Purchaser to the Vendor on or before the Completion Date.

(ii) The Sale Shares are sold on a willing buyer willing seller basis, free from all Encumbrances together with all rights now or hereafter attaching thereto, including without limitation all bonuses, rights, liabilities, dividends and other distributions declared, paid or made in respect of the Sale Shares with effect from the Completion Date.

(iii) In the event Completion is not achieved by the Completion Date due to any reason whatsoever, not due to the fault of Ingress, the Deposit shall be refunded and the SSA shall become null and void without prejudice to the rights of Ingress against the Purchaser for damages in respect of such breach and/or default over and above the forfeited Deposit.


3. UTILISATION OF PURCHASE CONSIDERATION

The RM200,000 Sale Consideration will be utilised as working capital for Ingress.


4. RATIONALE FOR THE DIVESTMENT

MPSSB is not major contributing subsidiary, in terms of revenue, to the Group and has been suffering losses for the past few years resulting in the full erosion of its shareholders' funds leading to its being in the net liabilities position. With the Divestment, the Group would be able to better focus the resources of the Group into other productive activities.


5. EFFECTS OF THE DIVESTMENT

(a) Share Capital and Substantial Shareholding

The Divestment will not have any effect on the share capital and substantial shareholding of the Company.

(b) Earnings

The Divestment is not expected to have a material impact on the earnings of the Ingress Group for the financial year ending 31 January 2011.

(c) Dividends

The Divestment is not expected to affect the dividend policy of the Company as future dividend payable by the Company would be dependent, inter-alia, on the future profitability and cash flow position of the Ingress Group.


6. APPROVALS AND APPLICATION TO AUTHORITIES

The Divestment is not subject to the approval of the shareholders of the Company and any authority. However, the Divestment may require the consents from certain financial institutions, in which the MPSSB has borrowings.


7. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS AND PERSON CONNECTED TO DIRECTORS AND MAJOR SHAREHOLDERS

None of the Directors and/or major shareholders and/or persons connected with a director or major shareholders of Ingress have any interest, direct and indirect, in the Divestment.


8. STATEMENT BY THE BOARD OF DIRECTORS

The Board of Directors of Ingress, having considered the rationale for the Divestment and after careful deliberation, is of the opinion that the Divestment is in the best interest of the Ingress Group and its shareholders.

The Board is not aware of any departure from the Securities Commission's Policies and Guidelines on Issue/Offer of Securities pertaining to the Divestment.


9. HIGHEST PERCENTAGE RATIO APPLICABLE TO THE DIVESTMENT

The highest percentage ratio applicable to the Divestment pursuant to paragraph 10.02(g) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements is 0.1%.

10. DOCUMENTS FOR INSPECTION

The SSA will be made available for inspection at the Registered Office of Ingress at Lot 2778, 5th Floor, Jalan Damansara, Sungai Penchala, 60000 Kuala Lumpur during normal working hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.


This announcement is dated 15 November 2010.


TOPGLOV - Final Dividend

Announcement Type: Entitlements (Notice of Book Closure)
Company Name: TOP GLOVE CORPORATION BHD
Stock Name: TOPGLOV
Date Announced: 15/11/2010

Announcement Detail:
EX-date: 24/12/2010

Entitlement date: 28/12/2010

Entitlement time: 04:00:00 PM

Entitlement subject: Final Dividend

Entitlement description: Single Tier Final Dividend of 18% (net 9 sen per share)

Period of interest payment: to

Financial Year End: 31/08/2010

Share transfer book & register of members will be: to closed from (both dates inclusive) for the purpose of determining the entitlements

Registrar's name ,address, telephone no: Securities Services (Holdings) Sdn. Bhd.
Level 7, Menara Milenium,
Jalan Damanlela,
Pusat Bandar Damansara,
Damansara Heights,
50490 Kuala Lumpur,
Wilayah Persekutuan
Tel No.: 03-2084 9000

Payment date: 20/01/2011

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 28/12/2010

Entitlement indicator: Percentage

Entitlement in percentage (%): 18

Remarks: The aforesaid dividend is subject to the Shareholders' approval at the forthcoming Twelfth Annual General Meeting scheduled to be held on 11 January 2011.


LIMAHSN - Appointment of Receiver and Manager

Announcement Type: General Announcement
Company Name: LIMAHSOON BERHAD
Stock Name: LIMAHSN
Date Announced: 15/11/2010

Announcement Detail:
Type: Reply to query

Reply to Bursa Malaysia's Query Letter - Reference ID: CY-101112-64364

Subject: Appointment of Receiver and Manager

Contents: We refer to your letter dated 12 November 2010 and furnish herewith the following additional information as requested:

1. The "property of Limahsoon Berhad' which is under the Receiver and Manager is only limited to Limahsoon Berhad (company level); and

2. The details of the said property of Limahsoon Berhad which is under the Receiver and Manager is H.S (M) 20, Lot PT 81, H.S (M) 21, Lot PT 82, H.S (M) 22, Lot PT 83, H.S (M) 23 Lot PT 84, Mukim Jaya Baru, Daerah Perak Tengah, Perak.

This announcement is dated 15 November 2010.

Query Letter content: We refer to your Company's announcement dated 10 November 2010 in respect of
the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following
additional information for public release:-

1) whether the "property of Limahsoon Berhad" which is under the Receiver and
Manager is only limited to Limahsoon Berhad (company level) or the entire
Limahsoon Berhad group.

2) the details of the said property of Limahsoon Berhad which is under the
Receiver and Manager.

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


Yours faithfully



SUZALINA HARUN
Head, Issuers
Listing Division
Regulation

WCY/RZ

copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)


FREIGHT - General Announcement

Announcement Type: General Announcement
Company Name: FREIGHT MANAGEMENT HOLDINGS BERHAD
Stock Name: FREIGHT
Date Announced: 15/11/2010

Announcement Detail:
Type: Announcement

Subject: FREIGHT MANAGEMENT HOLDINGS BHD ("FMH" or "the Company")
- Acquisition of shares in Exterian Enterprise Sdn Bhd

Contents: The Board of Directors of FMH wishes to announce that the Company had on 15 November 2010 entered into an agreement with the Vendors, Ms Pang Chooi Kuan (NRIC No. 811002-05-5208) and Mr. Chay Kah Choon (NRIC No. 740523-10-5535) to acquire 2 ordinary shares of RM1.00 each, representing 100% of the issued and paid-up capital in Exterian Enterprise Sdn Bhd ("Exterian Enterprise"), a company incorporated under the laws of Malaysia for a total consideration of RM250,000.00. ("the Acquisition"). The details of the vendors are as follows:-

Vendors No. of shares acquired
Ms. Pang Chooi Kuan 1
Mr. Chay Kah Choon 1
TOTAL 2


EWEIN - EWEIN BERHAD ("EWEIN" OR "THE COMPANY") - ACQUISITION OF SHARE OR A TOTAL CONSIDERATION OF RM2.0

Announcement Type: General Announcement
Company Name: EWEIN BERHAD
Stock Name: EWEIN
Date Announced: 15/11/2010

Announcement Detail:
Type: Announcement

Subject: EWEIN BERHAD ("EWEIN" OR "THE COMPANY")
- ACQUISITION OF SHARE OR A TOTAL CONSIDERATION OF RM2.0

Contents: The Board of Directors of EWEIN BERHAD ("EWEIN") wishes to announce that EWEIN had on 15 November 2010 acquired the entire issued and paid-up share capital of The Esplanade Park Sdn. Bhd. ("The Esplanade"), a private limited company incorporated in Malaysia under the Companies Act, 1965 on 30 September 2009, with an authorised share capital of RM100,000.00 comprising of 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up, for cash consideration of RM2.00 ("Acquisition").

Pursuant to the Acquisition, The Esplanade becomes a wholly-owned subsidiary of EWEIN. The Esplanade is presently dormant.

None of the Directors and/or substantial shareholders of EWEIN and persons connected to them have any interest, direct or indirect, in the Acquisition.

This announcement is dated 15 November 2010.


HARNLEN - Change of Address

Announcement Type: Change of Address
Company Name: HARN LEN CORPORATION BHD
Stock Name: HARNLEN
Date Announced: 15/11/2010

Announcement Detail:
Change description: Registrar

Old address: Suite 1301, 13th Floor, City Plaza, Jalan Tebrau, 80300 Johor Bahru

New address: Level 17, The Gardens North Tower, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur

Name of Registrar: TRICOR INVESTOR SERVICES SDN. BHD.

Telephone no: 03-22643883

Facsimile no: 03-22821886

E-mail address: is.enquiry@my.tricorglobal.com

Effective date: 16/11/2010


POLY - Dealings by Directors outside closed period

Announcement Type: General Announcement
Company Name: POLY GLASS FIBRE (M) BERHAD
Stock Name: POLY
Date Announced: 15/11/2010

Announcement Detail:
Type: Announcement

Subject: Dealings by Directors outside closed period

Contents: Pursuant to paragraph 14.09(a) of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("Bursa Securities"), the following Director of POLY GLASS FIBRE (M) BHD has transacted in securities of the Company with details as follows: -

Name of Director: Fong Wah Kai

Date of Transaction: 10-12 November 2010

Nature: Indirect

Amount of Securities acquired (indirect): 72,000 ordinary shares of RM1.00 each

Percentage of Securities acquired: 0.05%

Total no. of Securities (%) held after acquisition are as follows: -

Direct: 6,798,800 (4.25%)
Indirect: 74,663,900 (46.67%)

Transacted price: RM0.360 per ordinary share



Dated this 15th day of November 2010


DAIBOCI - 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: DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.
Stock Name: DAIBOCI
Date Announced: 15/11/2010

Announcement Detail:
Date of buy back from: 03/11/2010

Date of buy back to: 12/11/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 88,800

Minimum price paid for each share purchased ($$): 2.740

Maximum price paid for each share purchased ($$): 2.860

Total amount paid for shares purchased ($$): 248,936.98

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

Number of shares purchased retained in treasury (units): 88,800

Total number of shares retained in treasury (units): 280,800

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

Total issued capital as diminished: 0

Date lodged with registrar of companies: 15/11/2010

Lodged by: Tan Gaik Hong


GFB - 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: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 15/11/2010

Announcement Detail:
Date of buy back from: 03/11/2010

Date of buy back to: 08/11/2010

Currency: Malaysian Ringgit (MYR)

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

Minimum price paid for each share purchased ($$): 1.360

Maximum price paid for each share purchased ($$): 1.390

Total amount paid for shares purchased ($$): 19,451.66

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): 1,743,000

Number of shares purchased which were cancelled (units): 5,826,204

Total issued capital as diminished: 56615106

Date lodged with registrar of companies: 15/11/2010

Lodged by: TMF Administrative Services Malaysia Sdn. Bhd.

Remarks: The consideration paid for the shares purchased is inclusive of brokerage, clearing house fee and stamp duty.

This announcement is dated 15/11/2010.



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