November 3, 2010

Company announcements: TAKASO, QL, DEGEM, TGOFFS, SCNWOLF, AXIS, WIDETEC, DAIBOCI, GFB

TAKASO - Change in Audit Committee

Announcement Type: Change in Audit Committee
Company Name: TAKASO RESOURCES BERHAD
Stock Name: TAKASO
Date Announced: 03/11/2010

Announcement Detail:
Date of change: 03/11/2010

Type of change: Appointment

Designation: Member of Audit Committee

Directorate: Independent & Non Executive

Name: TAN OOI JIN

Age: 35

Nationality: MALAYSIAN

Qualifications: HE HOLDS A SECOND CLASS HONOURS LLB. BACHELOR OF LAW DEGREE FROM THE UNIVERSITY OF NEWCASTLE-UPON-TYNE, UK. A FORMER ASEAN SCHOLAR, HE COMPLETED HIS CERTIFICATE IN LEGAL PRACTICE IN 2002 AND WAS CALLED TO THE BAR IN NOVEMBER 2003 AFTER SERVING HIS PUPILLAGE AT A FIRM WITH AN INTERNATIONAL AFFILIATION. HE IS A MEMBER OF THE BAR COUNCIL OF MALAYSIA.

Working experience and occupation: HE IS CURRENTLY A PARTNER OF MESSRS FEROZ & CO. CONCENTRATING ON CORPORATE, COMMERCIAL, CROSS-BORDER TRANSACTIONS AND ICT MATTERS. PREVIOUSLY, HE STARTED HIS LEGAL CAREER IN A MEDIUM-SIZED FIRM WITH AN INTERNATIONAL AFFILIATION FOCUSING ON CORPORATE AND ICT MATTERS. HE LEFT THE FIRM AS PARTNER AFTER BEING NOTED AND RECOGNISED BY THE INDEPENDENT PUBLICATION "ASIA PACIFIC LEGAL 500" IN THREE PRACTICE AREAS IN 2008 WHICH INCLUDED IT AND TELECOMMUNICATIONS. HE ALSO ADVISES THE TECHNOPRENEURS ASSOCIATION OF MALAYSIA AND ITS MEMBERS ON LEGAL ISSUES.

HE HAS BEEN INVOLVED IN THE LISTING OF VARIOUS COMPANIES IN MALAYSIA AS WELL AS IN LONDON AND HONG KONG AND IS FAMILIAR WITH THE RULES AND REQUIREMENTS OF REGULATORS. HE IS CURRENT SITS ON THE BOARD OF TEJARI TECHNOLOGIES BERHAD AND A PRIVATE COMPANY INVOLVED IN CIRCUIT MANUFACTURING AND WHOSE ULTIMATE HOLDING COMPANY IS LISTED ON THE NASDAQ.

Directorship of public companies (if any): HE IS CURRENTLY SITS ON THE BOARD OF TEJARI TECHNOLOGIES BERHAD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR.

Family relationship with any director and/or major shareholder of the listed issuer: NIL

Any conflict of interests that he/she has with the listed issuer: NIL

Details of any interest in the securities of the listed issuer or its subsidiaries: NIL

Composition of Audit Committee (Name and Directorate of members after change): a) MR. TO PENG KOON (CHAIRMAN / INDEPENDENT NON-EXECUTIVE DIRECTOR)
b) TUNKU MAKHLAD BIN TUNKU MOHAMED JAMIL (MEMBER / INDEPENDENT NON-EXECUTIVE DIRECTOR)
c) MR. TAN OOI JIN (MEMBER / INDEPENDENT NON-EXECUTIVE DIRECTOR)


QL - General Announcement

Announcement Type: General Announcement
Submitting Merchant Bank: OSK INVESTMENT BANK BERHAD
Company Name: QL RESOURCES BERHAD
Stock Name: QL
Date Announced: 03/11/2010

Announcement Detail:
Type: Announcement

Subject: QL RESOURCES BERHAD ("QL" OR THE "COMPANY")

(I) PROPOSED PRIVATE PLACEMENT;
(II) PROPOSED SHARE SPLIT;
(III) PROPOSED FREE WARRANTS ISSUE; AND
(IV) PROPOSED AMENDMENTS

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Contents: (I) PROPOSED PRIVATE PLACEMENT OF UP TO 20,827,920 SHARES ("PLACEMENT SHARE(S)") IN QL ("PROPOSED PRIVATE PLACEMENT");

(II) PROPOSED SHARE SPLIT INVOLVING THE SUBDIVISION OF EVERY ONE (1) EXISTING ORDINARY SHARE OF RM0.50 EACH HELD IN QL ("EXISTING SHARE(S)") INTO TWO (2) ORDINARY SHARES OF RM0.25 EACH IN QL ("QL SHARE(S)" OR "SHARE(S)") HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("ENTITLEMENT DATE") ("PROPOSED SHARE SPLIT");

(III) PROPOSED ISSUE OF UP TO 41,600,000 FREE WARRANTS IN QL ("WARRANT(S)") ON THE BASIS OF ONE (1) FREE WARRANT FOR EVERY TWENTY (20) EXISTING QL SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER AFTER AFTER THE PROPOSED PRIVATE PLACEMENT AND PROPOSED SHARE SPLIT ("PROPOSED FREE WARRANTS ISSUE"); AND

(IV) PROPOSED INCREASE IN THE AUTHORIZED SHARE CAPITAL AND CONSEQUENTIAL AMENDMENTS TO THE COMPANY'S MEMORANDUM AND ARTICLES OF ASSOCIATION ("M&A") ("PROPOSED AMENDMENTS").

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

Attachments: QL Announcement 031110.pdf


DEGEM - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: DEGEM BERHAD
Stock Name: DEGEM
Date Announced: 03/11/2010

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

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 3,700

Minimum price paid for each share purchased ($$): 1.060

Maximum price paid for each share purchased ($$): 1.060

Total consideration paid ($$): 3,967.18

Number of shares purchased retained in treasury (units): 3,700

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

Cumulative net outstanding treasury shares as at to-date (units): 1,903,800

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 (%): 1.42


DEGEM - 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: DEGEM BERHAD
Stock Name: DEGEM
Date Announced: 03/11/2010

Announcement Detail:
Date of buy back from: 22/10/2010

Date of buy back to: 28/10/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 41,000

Minimum price paid for each share purchased ($$): 1.060

Maximum price paid for each share purchased ($$): 1.060

Total amount paid for shares purchased ($$): 43,719.05

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

Number of shares purchased retained in treasury (units): 41,000

Total number of shares retained in treasury (units): 1,900,100

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

Total issued capital as diminished: 0

Date lodged with registrar of companies: 03/11/2010

Lodged by: T & S SECRETARIAL SERVICES SDN. BHD.


TGOFFS - General Announcement

Announcement Type: General Announcement
Company Name: TANJUNG OFFSHORE BERHAD
Stock Name: TGOFFS
Date Announced: 03/11/2010

Announcement Detail:
Type: Announcement

Subject: TANJUNG OFFSHORE BERHAD
PURCHASE ORDER FROM EGYPTIAN MAINTENANCE COMPANY, EGYPT FOR THE SUPPLY OF FOUR (4) UNITS OF WASTE HEAT RECOVERY UNITS FOR EGYPT LNG PROJECT

Contents: INTRODUCTION

The Board of Directors of Tanjung Offshore Berhad ("Tanjung" or the "Company") is pleased to announce that its subsidiary, Citech Energy Recovery Systems UK Limited (CERS) has received a Purchase Order dated 26 October 2010 from Egyptian Maintenance Company, Egypt (EMC) for the supply of four (4) units of waste heat recovery (WHRU) for the Egypt LNG retrofit project. The waste heat recovery package is valued at approximately USD3.27 million.


DURATION OF PURCHASE ORDER

CERS is in the midst of preparing and satisfying the scope of work stipulated in the abovementioned Purchase Order involving manufacturing, assembly, testing and delivery of the aforesaid WHRU package which are expected to be completed within the next 9 months.


THE PURCHASE ORDER

The Purchase Order is not renewable. However, CERS will strive to seek recurring business opportunities with EMC in meeting EMC's future requirements.

The risks associated with the Purchase Order are operational and late delivery risks. Notwithstanding this, the management of CERS shall always ensure strict compliance to the safety and operational procedures and timeliness in the completion and delivery of the WHRU package.


FINANCIAL EFFECTS

The abovementioned Purchase Order valued at approximately USD3.27 million is expected to contribute positively to the earnings of Tanjung for the financial years ending 31 December 2010 and 2011 respectively.


DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interests in the abovementioned Purchase Order.


DIRECTORS' STATEMENT

The Board of Directors of Tanjung is of the opinion that the acceptance of the abovementioned Purchase Order is in the best interest of Tanjung.

This announcement is dated 3 November 2010.


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: 03/11/2010

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

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 12,500

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

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

Total consideration paid ($$): 4,671.39

Number of shares purchased retained in treasury (units): 12,500

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

Cumulative net outstanding treasury shares as at to-date (units): 786,700

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.98


AXIS - AXIS INCORPORATION BERHAD ("Axis" or "the Company") - Proposed Debt Restructuring Scheme ("PDRS")

Announcement Type: General Announcement
Company Name: AXIS INCORPORATION BERHAD
Stock Name: AXIS
Date Announced: 03/11/2010

Announcement Detail:
Type: Announcement

Subject: AXIS INCORPORATION BERHAD ("Axis" or "the Company")
- Proposed Debt Restructuring Scheme ("PDRS")

Contents: The Board of Directors of Axis wishes to announce that the Corporate Debt Restructuring Committee ("CDRC") had via its letter dated 2 November 2010 informed that CDRC has received approval exceeding 75% of each class of creditors in respect of the PDRS for the Company and its subsidiary, namely Asiapin Sdn Bhd, Chongee Enterprise Sdn Bhd and GBC Marketing Pte Ltd. CDRC has also requested Axis to finalise the preparation of the Debt Restructuring Agreement to be executed on or before 3 December 2010, details of the Scheme will be announced in due course.

This announcement is made on 3 November 2010


WIDETEC - Change in Boardroom

Announcement Type: Change in Boardroom
Company Name: WIDETECH (MALAYSIA) BERHAD
Stock Name: WIDETEC
Date Announced: 03/11/2010

Announcement Detail:
Date of change: 03/11/2010

Type of change: Appointment

Designation: Non-Executive Director

Directorate: Independent & Non Executive

Name: Dato' Lim Sin Khong

Age: 62

Nationality: Malaysian

Qualifications: Diploma in Business Studies, United Kingdom

Working experience and occupation: Dato' Lim has more than 25 years of experience in various business ranging from trading, manufacturing, investment, leisure and recreation industry.

Dato' Lim is a former director of a public listed company. He is also very active in community and charitable activities and currently sits on the board and committee of several non-profit making organisations.

Directorship of public companies (if any): Nil

Family relationship with any director and/or major shareholder of the listed issuer: Nil

Any conflict of interests that he/she has with the listed issuer: Nil

Details of any interest in the securities of the listed issuer or its subsidiaries: Indirect interest through Actual Ace Sdn Bhd - 2,007,664 shares of RM1.00 each in Widetech (Malaysia) Berhad.


DAIBOCI - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.
Stock Name: DAIBOCI
Date Announced: 03/11/2010

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

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 15,000

Minimum price paid for each share purchased ($$): 2.820

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

Total consideration paid ($$): 42,881.20

Number of shares purchased retained in treasury (units): 15,000

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

Cumulative net outstanding treasury shares as at to-date (units): 207,000

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 (%): 0.27


GFB - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: GOLDEN FRONTIER BERHAD
Stock Name: GFB
Date Announced: 03/11/2010

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

Description of shares purchased: Ordinary Shares of RM1 Each

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 9,000

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

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

Total consideration paid ($$): 12,601.82

Number of shares purchased retained in treasury (units): 9,000

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

Cumulative net outstanding treasury shares as at to-date (units): 1,738,000

Adjusted issued capital after cancellation (no. of shares) (units): 56,608,800

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.07

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

This announcement is dated 03/11/2010.



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