TAWIN - General Announcement
Announcement Type: General Announcement
Company Name: TA WIN HOLDINGS BERHAD
Stock Name: TAWIN
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: TA WIN HOLDINGS BERHAD ("TA WIN")
DAEWOO INTERNATIONAL CORPORATION (REPUBLIC OF KOREA) vs TA WIN INDUSTRIES (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TA WIN
Contents: The Board of Directors of Ta Win Holdings Berhad ("Ta Win") wishes to announce that Ta Win Industries (M) Sdn. Bhd. ("TWISB"), a wholly-owned subsidiary of Ta Win, has on 10 November 2010 received a Request for Arbitration ("Request") from the Secretariat of the ICC International Court of Arbitration upon request from Daewoo International Corporation ("Daewoo") of 84-11, Namdaemunno 5(o)-ga, Jung-gu, Seoul 100-753, Republic of Korea in relation to the dispute under contract dated 26 August 2009 between Daewoo and TWISB for the sale and purchase of 800MT of copper wire rod.
Below is the Particulars of the Request and the claim:-
1. Date and Particulars of claim
The Request was received on 11 November 2010. Daewoo is claiming for USD381,150.00 being the balance purchase price under contract dated 26 August 2009 ("the Contract") between Daewoo and TWISB for the sale and purchase of 800MT of copper wire rod together with interest from 22 November 2009.
Daewoo claimed to have delivered goods on 10 October 2009 and 15 October 2009. TWISB has paid USD4,788,000.00 based on the provisional price. The final price exceeded the provisional price. Hence the balance of USD381,150.00 (hereinafter after referred to as "the Claim").
2. Date and Particulars of Request
Pursuant to the Clause 17 of the Contract, all disputes in connection with the Contract shall be finally settled in the place of Geneva, Switzerland under the Rules of Conciliation and Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The Award rendered by the arbitrator shall be final and binding upon both parties concerned.
On 3 November 2010, Daewood has made a request to the International Chamber of Commerce in accordance with the ICC Rules of Arbitration (hereinafter "the ICC Rules") to commence arbitration proceedings in accordance with the arbitration clause contained in the Contract.
3. The expected losses, if any, arising from the Request and the Claim
The expected losses, if any, is stated in paragraph 1 hereinabove.
4. Total cost of investment in theTWISB
As at the date of announcement, the cost of investment by Ta Win in TWISB is RM30,082,000.00.
5. Financial and operational impact of the Request and the Claim on the Group
The Group has adequate resources to meet the commitment of the Claim from Daewoo. The Request has no significant impact to the financial and operation of the Group.
6. Steps taken and proposed to be taken by Ta Win in respect of the Request
Ta Win will obtain necessary legal advice from its legal counsel for appropriate reply to the Request.
Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
This announcement is dated 12 November 2010.
Company Name: TA WIN HOLDINGS BERHAD
Stock Name: TAWIN
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: TA WIN HOLDINGS BERHAD ("TA WIN")
DAEWOO INTERNATIONAL CORPORATION (REPUBLIC OF KOREA) vs TA WIN INDUSTRIES (M) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF TA WIN
Contents: The Board of Directors of Ta Win Holdings Berhad ("Ta Win") wishes to announce that Ta Win Industries (M) Sdn. Bhd. ("TWISB"), a wholly-owned subsidiary of Ta Win, has on 10 November 2010 received a Request for Arbitration ("Request") from the Secretariat of the ICC International Court of Arbitration upon request from Daewoo International Corporation ("Daewoo") of 84-11, Namdaemunno 5(o)-ga, Jung-gu, Seoul 100-753, Republic of Korea in relation to the dispute under contract dated 26 August 2009 between Daewoo and TWISB for the sale and purchase of 800MT of copper wire rod.
Below is the Particulars of the Request and the claim:-
1. Date and Particulars of claim
The Request was received on 11 November 2010. Daewoo is claiming for USD381,150.00 being the balance purchase price under contract dated 26 August 2009 ("the Contract") between Daewoo and TWISB for the sale and purchase of 800MT of copper wire rod together with interest from 22 November 2009.
Daewoo claimed to have delivered goods on 10 October 2009 and 15 October 2009. TWISB has paid USD4,788,000.00 based on the provisional price. The final price exceeded the provisional price. Hence the balance of USD381,150.00 (hereinafter after referred to as "the Claim").
2. Date and Particulars of Request
Pursuant to the Clause 17 of the Contract, all disputes in connection with the Contract shall be finally settled in the place of Geneva, Switzerland under the Rules of Conciliation and Arbitration of the International Chamber of Commerce by one or more arbitrators appointed in accordance with the said Rules. The Award rendered by the arbitrator shall be final and binding upon both parties concerned.
On 3 November 2010, Daewood has made a request to the International Chamber of Commerce in accordance with the ICC Rules of Arbitration (hereinafter "the ICC Rules") to commence arbitration proceedings in accordance with the arbitration clause contained in the Contract.
3. The expected losses, if any, arising from the Request and the Claim
The expected losses, if any, is stated in paragraph 1 hereinabove.
4. Total cost of investment in theTWISB
As at the date of announcement, the cost of investment by Ta Win in TWISB is RM30,082,000.00.
5. Financial and operational impact of the Request and the Claim on the Group
The Group has adequate resources to meet the commitment of the Claim from Daewoo. The Request has no significant impact to the financial and operation of the Group.
6. Steps taken and proposed to be taken by Ta Win in respect of the Request
Ta Win will obtain necessary legal advice from its legal counsel for appropriate reply to the Request.
Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
This announcement is dated 12 November 2010.
TOPGLOV - General Announcement
Announcement Type: General Announcement
Company Name: TOP GLOVE CORPORATION BHD
Stock Name: TOPGLOV
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: TOP GLOVE CORPORATION BERHAD ("TOP GLOVE")
- ACQUISITION OF THE ENTIRE ISSUED AND PAID UP SHARE CAPITAL OF BEST ADVANCE RESOURCES LIMITED
Contents: The Board of Directors of TOP GLOVE wishes to announce that the wholly-owned subsidiary of the Company, Top Care Sdn Bhd had on 12 November 2010 acquired the entire issued and paid up share capital of Best Advance Resources Limited ("BARL"), duly incorporated in British Virgin Islands, comprising 1 share fully paid up in the capital of BARL for a total cash consideration of USD1.00 ("Acquisition").
Consequent to the Acquisition, BARL became a wholly-owned sub-subsidiary of TOP GLOVE.
The Acquisition is not expected to have any material effects on the earnings or net assets of TOP GLOVE for the financial year ending 31 August 2011.
None of the Directors and/or substantial shareholders or persons connected to them has any interests, direct or indirect, in the Acquisition.
The Board of Directors is of the opinion that the Acquisition is in the best interest of TOP GLOVE.
This announcement is dated 12 November 2010.
Company Name: TOP GLOVE CORPORATION BHD
Stock Name: TOPGLOV
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: TOP GLOVE CORPORATION BERHAD ("TOP GLOVE")
- ACQUISITION OF THE ENTIRE ISSUED AND PAID UP SHARE CAPITAL OF BEST ADVANCE RESOURCES LIMITED
Contents: The Board of Directors of TOP GLOVE wishes to announce that the wholly-owned subsidiary of the Company, Top Care Sdn Bhd had on 12 November 2010 acquired the entire issued and paid up share capital of Best Advance Resources Limited ("BARL"), duly incorporated in British Virgin Islands, comprising 1 share fully paid up in the capital of BARL for a total cash consideration of USD1.00 ("Acquisition").
Consequent to the Acquisition, BARL became a wholly-owned sub-subsidiary of TOP GLOVE.
The Acquisition is not expected to have any material effects on the earnings or net assets of TOP GLOVE for the financial year ending 31 August 2011.
None of the Directors and/or substantial shareholders or persons connected to them has any interests, direct or indirect, in the Acquisition.
The Board of Directors is of the opinion that the Acquisition is in the best interest of TOP GLOVE.
This announcement is dated 12 November 2010.
CENTURY - Notice of Shares Buy Back - Immediate Announcement
Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: CENTURY LOGISTICS HOLDINGS BERHAD
Stock Name: CENTURY
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back: 12/11/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.750
Maximum price paid for each share purchased ($$): 1.750
Total consideration paid ($$): 17,500.00
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,155,720
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.85
Company Name: CENTURY LOGISTICS HOLDINGS BERHAD
Stock Name: CENTURY
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back: 12/11/2010
Description of shares purchased: Ordinary Shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 1.750
Maximum price paid for each share purchased ($$): 1.750
Total consideration paid ($$): 17,500.00
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 3,155,720
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 (%): 3.85
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: 12/11/2010
Announcement Detail:
Date of buy back: 12/11/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 14,000
Minimum price paid for each share purchased ($$): 0.400
Maximum price paid for each share purchased ($$): 0.400
Total consideration paid ($$): 5,647.68
Number of shares purchased retained in treasury (units): 14,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 622,300
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.64
Company Name: BSL CORPORATION BERHAD
Stock Name: BSLCORP
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back: 12/11/2010
Description of shares purchased: Ordinary Shares of RM0.50 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 14,000
Minimum price paid for each share purchased ($$): 0.400
Maximum price paid for each share purchased ($$): 0.400
Total consideration paid ($$): 5,647.68
Number of shares purchased retained in treasury (units): 14,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 622,300
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 (%): 0.64
SUPERLN - 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: SUPERLON HOLDINGS BERHAD
Stock Name: SUPERLN
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back from: 29/10/2010
Date of buy back to: 29/10/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 30,000
Minimum price paid for each share purchased ($$): 0.420
Maximum price paid for each share purchased ($$): 0.450
Total amount paid for shares purchased ($$): 13,064.62
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 30,000
Total number of shares retained in treasury (units): 403,100
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 12/11/2010
Lodged by: LCSA Management Consultants Sdn Bhd
Company Name: SUPERLON HOLDINGS BERHAD
Stock Name: SUPERLN
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back from: 29/10/2010
Date of buy back to: 29/10/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 30,000
Minimum price paid for each share purchased ($$): 0.420
Maximum price paid for each share purchased ($$): 0.450
Total amount paid for shares purchased ($$): 13,064.62
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 30,000
Total number of shares retained in treasury (units): 403,100
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 12/11/2010
Lodged by: LCSA Management Consultants Sdn Bhd
SCNWOLF - 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: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back from: 03/11/2010
Date of buy back to: 03/11/2010
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 amount paid for shares purchased ($$): 4,671.39
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 12,500
Total number of shares retained in treasury (units): 786,700
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 12/11/2010
Lodged by: TRICOR CORPORATE SERVICES SDN. BHD.
Company Name: SCANWOLF CORPORATION BERHAD
Stock Name: SCNWOLF
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back from: 03/11/2010
Date of buy back to: 03/11/2010
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 12,500
Minimum price paid for each share purchased ($$): 0.370
Maximum price paid for each share purchased ($$): 0.370
Total amount paid for shares purchased ($$): 4,671.39
The name of the stock exchange through which the shares were purchased: Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units): 12,500
Total number of shares retained in treasury (units): 786,700
Number of shares purchased which were cancelled (units): 0
Total issued capital as diminished: 0
Date lodged with registrar of companies: 12/11/2010
Lodged by: TRICOR CORPORATE SERVICES SDN. BHD.
SCOMIEN - Dealings in Securities by Principal Officer during Closed Period
Announcement Type: General Announcement
Company Name: SCOMI ENGINEERING BHD
Stock Name: SCOMIEN
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officer during Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Pn Rohaida binti Ali Badaruddin, a principal officer of the Company, has dealt in the securities of the Company as set out in Table 1 hereunder.
This announcement is dated 12 November 2010.
Company Name: SCOMI ENGINEERING BHD
Stock Name: SCOMIEN
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: Dealings in Securities by Principal Officer during Closed Period
Contents: Pursuant to Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Pn Rohaida binti Ali Badaruddin, a principal officer of the Company, has dealt in the securities of the Company as set out in Table 1 hereunder.
This announcement is dated 12 November 2010.
SELOGA - General Announcement
Announcement Type: General Announcement
Company Name: SELOGA HOLDINGS BERHAD
Stock Name: SELOGA
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: SELOGA HOLDINGS BERHAD ("SELOGA" OR THE "COMPANY")
-REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER [REF NO. BM/CSi-IV2/20101111/scn/PLC.SELOGA(549)] WITH RESPECT TO OUTSTANDING RECURRING RELATED PARTY RECEIVABLES ("ORRPR")
Contents: The Board of Directors of Seloga wishes to inform that the Company had received a query letter from Bursa Malaysia Securities Berhad ("Bursa") dated 10 November 2010 requesting the Company to make an announcement to correct the figures announced on 4 June 2010 and 24 August 2010 in relation to the ORRPR. In this respect, the Company sets out below the status of the ORRPR.
Company Name: SELOGA HOLDINGS BERHAD
Stock Name: SELOGA
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: SELOGA HOLDINGS BERHAD ("SELOGA" OR THE "COMPANY")
-REPLY TO BURSA MALAYSIA SECURITIES BERHAD'S QUERY LETTER [REF NO. BM/CSi-IV2/20101111/scn/PLC.SELOGA(549)] WITH RESPECT TO OUTSTANDING RECURRING RELATED PARTY RECEIVABLES ("ORRPR")
Contents: The Board of Directors of Seloga wishes to inform that the Company had received a query letter from Bursa Malaysia Securities Berhad ("Bursa") dated 10 November 2010 requesting the Company to make an announcement to correct the figures announced on 4 June 2010 and 24 August 2010 in relation to the ORRPR. In this respect, the Company sets out below the status of the ORRPR.
TIMWELL - TIMBERWELL BERHAD ("the Company") - LOGS PRODUCTION FOR THE MONTH OF OCTOBER 2010
Announcement Type: General Announcement
Company Name: TIMBERWELL BERHAD
Stock Name: TIMWELL
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: TIMBERWELL BERHAD ("the Company")
- LOGS PRODUCTION FOR THE MONTH OF OCTOBER 2010
Contents: Pursuant to Paragraph 9.36 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of the Company wishes to announce that the logs production of the Company for the month of October 2010 was 1535.17 meter cubic.
This announcement is dated 12 November 2010
Company Name: TIMBERWELL BERHAD
Stock Name: TIMWELL
Date Announced: 12/11/2010
Announcement Detail:
Type: Announcement
Subject: TIMBERWELL BERHAD ("the Company")
- LOGS PRODUCTION FOR THE MONTH OF OCTOBER 2010
Contents: Pursuant to Paragraph 9.36 of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of the Company wishes to announce that the logs production of the Company for the month of October 2010 was 1535.17 meter cubic.
This announcement is dated 12 November 2010
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: 12/11/2010
Announcement Detail:
Date of buy back: 12/11/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 2.760
Maximum price paid for each share purchased ($$): 2.790
Total consideration paid ($$): 27,934.71
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 280,800
Adjusted issued capital after cancellation (no. of shares) (units): 0
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 0.37
Company Name: DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BHD.
Stock Name: DAIBOCI
Date Announced: 12/11/2010
Announcement Detail:
Date of buy back: 12/11/2010
Description of shares purchased: Ordinary shares of RM1.00 each
Currency: Malaysian Ringgit (MYR)
Total number of shares purchased (units): 10,000
Minimum price paid for each share purchased ($$): 2.760
Maximum price paid for each share purchased ($$): 2.790
Total consideration paid ($$): 27,934.71
Number of shares purchased retained in treasury (units): 10,000
Number of shares purchased which are proposed to be cancelled (units): 0
Cumulative net outstanding treasury shares as at to-date (units): 280,800
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 (%): 0.37
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