FOCUS - Quarterly rpt on consolidated results for the financial period ended 31/10/2010
Announcement Type: Financial Results
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 28/12/2010
Announcement Detail:
Financial Year End: 31/07/2011
Quarter: 1
Quarterly report for the financial period ended: 31/10/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 28/12/2010
Announcement Detail:
Financial Year End: 31/07/2011
Quarter: 1
Quarterly report for the financial period ended: 31/10/2010
The figures: have not been audited
Currency: Malaysian Ringgit (MYR)
FOCUS - Change in Boardroom
Announcement Type: Change in Boardroom
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 28/12/2010
Announcement Detail:
Date of change: 28/12/2010
Type of change: Resignation
Designation: Chief Executive Officer
Directorate: Executive
Name: Kee Twuan Tee
Age: 52
Nationality: Malaysian
Qualifications: Higher School Certificate
Certificate in Marketing
INSEAD Management Program
Working experience and occupation: Mr Kee Twuan Tee started his career in sales with Tamco Cutler Hammer Sdn Bhd , a company specializing in electrical engineering products in 1979. In 1983 he developed a prolific career with Asea Sdn Bhd (later changed to ABB Sdn Bhd) a Swedish based electrical engineering company as a Sales Executive and was promoted to Sales Manager in 1988. He was awarded the ABB Jumet Honour Award for outstanding contribution to a segmental business. In 1992 he was promoted to Divisional Manager responsible for various strategic business units. In 1994 he became a General Manager responsible for business units of Robotics, Industrial Automation, Plant Projects and Industrial Products Distribution contributing RM130 million in revenue. In 1997 he left ABB Group to join a local industrial distribution company, Waras Mewah Sdn Bhd as their Sales Director. In 2000 he joined Focus Dynamics Centre Sdn Bhd as their General Manager before making a career switch to International Marketing and Distribution of Composite Products as the General Manager of Fundwin Sdn Bhd in 2001, focusing on UK, USA, Australia and Middle East. In 2003 he joined ATIS Corporation Berhad, a PLC, which is a market leader in Industrial Supplies as their Chief Operating Officer.
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: NIL
Company Name: FOCUS DYNAMICS TECHNOLOGIES BERHAD (ACE Market)
Stock Name: FOCUS
Date Announced: 28/12/2010
Announcement Detail:
Date of change: 28/12/2010
Type of change: Resignation
Designation: Chief Executive Officer
Directorate: Executive
Name: Kee Twuan Tee
Age: 52
Nationality: Malaysian
Qualifications: Higher School Certificate
Certificate in Marketing
INSEAD Management Program
Working experience and occupation: Mr Kee Twuan Tee started his career in sales with Tamco Cutler Hammer Sdn Bhd , a company specializing in electrical engineering products in 1979. In 1983 he developed a prolific career with Asea Sdn Bhd (later changed to ABB Sdn Bhd) a Swedish based electrical engineering company as a Sales Executive and was promoted to Sales Manager in 1988. He was awarded the ABB Jumet Honour Award for outstanding contribution to a segmental business. In 1992 he was promoted to Divisional Manager responsible for various strategic business units. In 1994 he became a General Manager responsible for business units of Robotics, Industrial Automation, Plant Projects and Industrial Products Distribution contributing RM130 million in revenue. In 1997 he left ABB Group to join a local industrial distribution company, Waras Mewah Sdn Bhd as their Sales Director. In 2000 he joined Focus Dynamics Centre Sdn Bhd as their General Manager before making a career switch to International Marketing and Distribution of Composite Products as the General Manager of Fundwin Sdn Bhd in 2001, focusing on UK, USA, Australia and Middle East. In 2003 he joined ATIS Corporation Berhad, a PLC, which is a market leader in Industrial Supplies as their Chief Operating Officer.
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: NIL
GENS-C6 - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Name: GENS-C6: CW GENTING SINGAPORE PLC (AM)
Stock Name: GENS-C6
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AmINVESTMENT BANK BERHAD ("AMINVESTMENT BANK")
EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING SINGAPORE PLC ("GENS") ("GENS-C6")
Contents: We wish to announce that the GENS-C6 expired at 5.00 p.m. on 28 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of GENS-C6 x (Closing Price - Exercise Price) x (1/Exercise Ratio) x Settlement Exchange Rate - Exercise Expenses
= Number of GENS-C6 x (SGD2.1100 - SGD0.90) x (1/3) x 2.3842 - Exercise Expenses
= Number of GENS-C6 x RM0.9616 - Exercise Expenses
where:
Exercise Expenses = 0.3% x Number of GENS-C6 x RM0.9616
Settlement Exchange Rate = 2.3842, being the prevailing rate of exchange between SGD and RM at or about 5.00 p.m. on 27 December 2010
The Closing Price of SGD2.1100 is the average of the closing prices of the GENS shares on each of the 5 market days immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than 7 market days following the Expiry Date by way of a crossed cheque drawn in favour of the warrantholder. Any payment made shall be delivered by ordinary post.
This announcement is dated 28 December 2010.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Name: GENS-C6: CW GENTING SINGAPORE PLC (AM)
Stock Name: GENS-C6
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AmINVESTMENT BANK BERHAD ("AMINVESTMENT BANK")
EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF GENTING SINGAPORE PLC ("GENS") ("GENS-C6")
Contents: We wish to announce that the GENS-C6 expired at 5.00 p.m. on 28 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of GENS-C6 x (Closing Price - Exercise Price) x (1/Exercise Ratio) x Settlement Exchange Rate - Exercise Expenses
= Number of GENS-C6 x (SGD2.1100 - SGD0.90) x (1/3) x 2.3842 - Exercise Expenses
= Number of GENS-C6 x RM0.9616 - Exercise Expenses
where:
Exercise Expenses = 0.3% x Number of GENS-C6 x RM0.9616
Settlement Exchange Rate = 2.3842, being the prevailing rate of exchange between SGD and RM at or about 5.00 p.m. on 27 December 2010
The Closing Price of SGD2.1100 is the average of the closing prices of the GENS shares on each of the 5 market days immediately before the Expiry Date.
The Cash Settlement Amount shall be despatched as soon as practicable and no later than 7 market days following the Expiry Date by way of a crossed cheque drawn in favour of the warrantholder. Any payment made shall be delivered by ordinary post.
This announcement is dated 28 December 2010.
BJCORP-CB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Name: BJCORP-CB: CW BERJAYA CORPORATION BERHAD (AM)
Stock Name: BJCORP-CB
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AmINVESTMENT BANK BERHAD ("AMINVESTMENT BANK")
EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BERJAYA CORPORATION BERHAD ("BJCORP") ("BJCORP-CB")
Contents: We wish to announce that the BJCORP-CB expired at 5.00 p.m. on 28 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of BJCORP-CB x (Closing Price - Exercise Price) x (1/Exercise Ratio) - Exercise Expenses
= Number of BJCORP-CB x (RM1.0600 - RM1.60) x (1/2) - Exercise Expenses
The Closing Price of RM1.0600 is the average of the closing prices of the BJCORP shares on each of the 5 market days immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, we shall not be obliged to make any payment to the relevant warrantholder and the BJCORP-CB shall become void and cease to have any exercise rights.
This announcement is dated 28 December 2010.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Name: BJCORP-CB: CW BERJAYA CORPORATION BERHAD (AM)
Stock Name: BJCORP-CB
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AmINVESTMENT BANK BERHAD ("AMINVESTMENT BANK")
EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF BERJAYA CORPORATION BERHAD ("BJCORP") ("BJCORP-CB")
Contents: We wish to announce that the BJCORP-CB expired at 5.00 p.m. on 28 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of BJCORP-CB x (Closing Price - Exercise Price) x (1/Exercise Ratio) - Exercise Expenses
= Number of BJCORP-CB x (RM1.0600 - RM1.60) x (1/2) - Exercise Expenses
The Closing Price of RM1.0600 is the average of the closing prices of the BJCORP shares on each of the 5 market days immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, we shall not be obliged to make any payment to the relevant warrantholder and the BJCORP-CB shall become void and cease to have any exercise rights.
This announcement is dated 28 December 2010.
BJLAND - General Announcement
Announcement Type: General Announcement
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: (1) PROPOSED ACQUISITION OF ABOUT 244.79 ACRES OF LEASEHOLD LAND LOCATED IN SUNGAI BESI ("SUNGAI BESI LAND") TOGETHER WITH ALL EXISTING BUILDINGS AND STRUCTURES ERECTED THEREON BY SELAT MAKMUR SDN BHD ("SMSB"), A 100%-OWNED SUBSIDIARY OF BERJAYA LAND BERHAD ("B-LAND"), FROM SELANGOR TURF CLUB ("STC") FOR A TOTAL CONSIDERATION OF RM640.0 MILLION ("PROPOSED ACQUISITION OF SUNGAI BESI LAND"); AND
(2) PROPOSED ACQUISITION OF ABOUT 750.0 ACRES OF FREEHOLD LAND LOCATED IN SUNGAI TINGGI ("SUNGAI TINGGI LAND") BY SMSB FROM BERJAYACITY SDN BHD ("BCSB") AND THE PROPOSED APPOINTMENT OF BCSB AS THE TURNKEY CONTRACTOR TO CARRY OUT THE CONSTRUCTION OF THE NEW TURF CLUB FOR A TOTAL CONSIDERATION OF RM605.0 MILLION ("PROPOSED ACQUISITION OF SUNGAI TINGGI LAND")
COLLECTIVELY REFERRED TO AS THE "PROPOSALS"
Contents: .
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: (1) PROPOSED ACQUISITION OF ABOUT 244.79 ACRES OF LEASEHOLD LAND LOCATED IN SUNGAI BESI ("SUNGAI BESI LAND") TOGETHER WITH ALL EXISTING BUILDINGS AND STRUCTURES ERECTED THEREON BY SELAT MAKMUR SDN BHD ("SMSB"), A 100%-OWNED SUBSIDIARY OF BERJAYA LAND BERHAD ("B-LAND"), FROM SELANGOR TURF CLUB ("STC") FOR A TOTAL CONSIDERATION OF RM640.0 MILLION ("PROPOSED ACQUISITION OF SUNGAI BESI LAND"); AND
(2) PROPOSED ACQUISITION OF ABOUT 750.0 ACRES OF FREEHOLD LAND LOCATED IN SUNGAI TINGGI ("SUNGAI TINGGI LAND") BY SMSB FROM BERJAYACITY SDN BHD ("BCSB") AND THE PROPOSED APPOINTMENT OF BCSB AS THE TURNKEY CONTRACTOR TO CARRY OUT THE CONSTRUCTION OF THE NEW TURF CLUB FOR A TOTAL CONSIDERATION OF RM605.0 MILLION ("PROPOSED ACQUISITION OF SUNGAI TINGGI LAND")
COLLECTIVELY REFERRED TO AS THE "PROPOSALS"
Contents: .
BJLAND - General Announcement
Announcement Type: General Announcement
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED DEVELOPMENT OF A RESORT-TYPE RESIDENTIAL & COMMERCIAL COMPLEX IN YERAE-DONG, SEOGWIPO-SI, JEJU SPECIAL SELF-GOVERNING PROVINCE ("PROJECT ")
Contents: We refer to the article appearing in the Nanyang Siang Pau on Saturday, 25 December 2010 entitled "Development of Jeju's Casino Resort, Berjaya Corporation obtained the Korea's casino licence?"
We would like to refer to our announcements dated 22 and 24 October 2007, and wish to inform that our subsidiary, Berjaya Jeju Resort Limited, the joint-venture company undertaking the Project has yet to obtain the casino licence. The issuance of the casino licence is conditional upon, inter-alia, completion of the construction of the hotel. The proposed full-fledged casino will be housed in the hotel which forms part of the Project development.
Company Name: BERJAYA LAND BERHAD
Stock Name: BJLAND
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: PROPOSED DEVELOPMENT OF A RESORT-TYPE RESIDENTIAL & COMMERCIAL COMPLEX IN YERAE-DONG, SEOGWIPO-SI, JEJU SPECIAL SELF-GOVERNING PROVINCE ("PROJECT ")
Contents: We refer to the article appearing in the Nanyang Siang Pau on Saturday, 25 December 2010 entitled "Development of Jeju's Casino Resort, Berjaya Corporation obtained the Korea's casino licence?"
We would like to refer to our announcements dated 22 and 24 October 2007, and wish to inform that our subsidiary, Berjaya Jeju Resort Limited, the joint-venture company undertaking the Project has yet to obtain the casino licence. The issuance of the casino licence is conditional upon, inter-alia, completion of the construction of the hotel. The proposed full-fledged casino will be housed in the hotel which forms part of the Project development.
WASEONG-CB - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Name: WASEONG-CB: CW WAH SEONG CORPORATION BERHAD (AM)
Stock Name: WASEONG-CB
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AmINVESTMENT BANK BERHAD ("AMINVESTMENT BANK")
EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF WAH SEONG CORPORATION BERHAD ("WASEONG") ("WASEONG-CB")
Contents: We wish to announce that the WASEONG-CB expired at 5.00 p.m. on 28 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of WASEONG-CB x (Closing Price - Exercise Price) x (1/Exercise Ratio) - Exercise Expenses
= Number of WASEONG-CB x (RM2.1028 - RM2.65) x (1/3) - Exercise Expenses
The Closing Price of RM2.1028 is the 5-day volume-weighted average price (VWAP) of the WASEONG shares on each of the 5 market days immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, we shall not be obliged to make any payment to the relevant warrantholder and the WASEONG-CB shall become void and cease to have any exercise rights.
This announcement is dated 28 December 2010.
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Name: WASEONG-CB: CW WAH SEONG CORPORATION BERHAD (AM)
Stock Name: WASEONG-CB
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AmINVESTMENT BANK BERHAD ("AMINVESTMENT BANK")
EXPIRY OF EUROPEAN STYLE CASH-SETTLED CALL WARRANTS OVER ORDINARY SHARES OF WAH SEONG CORPORATION BERHAD ("WASEONG") ("WASEONG-CB")
Contents: We wish to announce that the WASEONG-CB expired at 5.00 p.m. on 28 December 2010 ("Expiry Date") and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount:
= Number of WASEONG-CB x (Closing Price - Exercise Price) x (1/Exercise Ratio) - Exercise Expenses
= Number of WASEONG-CB x (RM2.1028 - RM2.65) x (1/3) - Exercise Expenses
The Closing Price of RM2.1028 is the 5-day volume-weighted average price (VWAP) of the WASEONG shares on each of the 5 market days immediately before the Expiry Date.
As the Cash Settlement Amount is less than zero, we shall not be obliged to make any payment to the relevant warrantholder and the WASEONG-CB shall become void and cease to have any exercise rights.
This announcement is dated 28 December 2010.
DFZ - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: N/A
Company Name: DFZ CAPITAL BERHAD
Stock Name: DFZ
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: DFZ CAPITAL BHD ("DFZ" OR THE "COMPANY")
RECEIPT OF NOTICE OF MANDATORY TAKE-OVER OFFER FROM AFFIN INVESTMENT BANK BERHAD ("AFFIN INVESTMENT") ON BEHALF OF ESMART HOLDINGS BERHAD ("OFFEROR") ("OFFER")
Contents: The Board of Directors ("Board) of DFZ wishes to announce that DFZ has on 28 December 2010 received a Notice of Mandatory Take-Over Offer ("Notice") from AFFIN Investment acting on behalf of the Offeror to acquire all the remaining 53,102,127 ordinary shares of RM1.00 each in DFZ which are not already owned by the Offeror and parties acting in concert with the Offeror ("Offer Shares") to be settled at the option of the accepting holders of the Offer Shares ("Holders") to receive either of the following in respect of part or all of their Offer Shares:
(i) Option I: Cash Option; or
Cash payment of RM3.00 ("Cash Option Price") for each Offer Share;
(ii) Option II : Securities Option; or
New ordinary shares in Esmart ("Acquisition Shares") and new warrants in Esmart ("Acquisition Warrants") to be issued on the basis of approximately 4.04 Acquisition Shares for each Offer Share and one (1) Acquisition Warrant for every ten (10) Acquisition Shares issued.
Pursuant to the Offer, up to 215,001,425 Acquisition Shares and up to 21,500,142 Acquisition Warrants may be issued by Offeror to accepting Holders.
(iii) Option III : Combination of Option I and Option II above
Holders may choose a combination of Option I and Option II above.
Atlan, being a person having an interest in the Offer pursuant to the SPAs, is the ultimate offeror for purposes of this Offer.
The Board will be deliberating on the Notice and make appropriate announcement on the Notice as soon as possible in accordance with the Malaysian Code on Take-Overs and Mergers .
This announcement is dated 28 December 2010.
Submitting Merchant Bank: N/A
Company Name: DFZ CAPITAL BERHAD
Stock Name: DFZ
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: DFZ CAPITAL BHD ("DFZ" OR THE "COMPANY")
RECEIPT OF NOTICE OF MANDATORY TAKE-OVER OFFER FROM AFFIN INVESTMENT BANK BERHAD ("AFFIN INVESTMENT") ON BEHALF OF ESMART HOLDINGS BERHAD ("OFFEROR") ("OFFER")
Contents: The Board of Directors ("Board) of DFZ wishes to announce that DFZ has on 28 December 2010 received a Notice of Mandatory Take-Over Offer ("Notice") from AFFIN Investment acting on behalf of the Offeror to acquire all the remaining 53,102,127 ordinary shares of RM1.00 each in DFZ which are not already owned by the Offeror and parties acting in concert with the Offeror ("Offer Shares") to be settled at the option of the accepting holders of the Offer Shares ("Holders") to receive either of the following in respect of part or all of their Offer Shares:
(i) Option I: Cash Option; or
Cash payment of RM3.00 ("Cash Option Price") for each Offer Share;
(ii) Option II : Securities Option; or
New ordinary shares in Esmart ("Acquisition Shares") and new warrants in Esmart ("Acquisition Warrants") to be issued on the basis of approximately 4.04 Acquisition Shares for each Offer Share and one (1) Acquisition Warrant for every ten (10) Acquisition Shares issued.
Pursuant to the Offer, up to 215,001,425 Acquisition Shares and up to 21,500,142 Acquisition Warrants may be issued by Offeror to accepting Holders.
(iii) Option III : Combination of Option I and Option II above
Holders may choose a combination of Option I and Option II above.
Atlan, being a person having an interest in the Offer pursuant to the SPAs, is the ultimate offeror for purposes of this Offer.
The Board will be deliberating on the Notice and make appropriate announcement on the Notice as soon as possible in accordance with the Malaysian Code on Take-Overs and Mergers .
This announcement is dated 28 December 2010.
ATLAN - General Announcement
Announcement Type: General Announcement
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: ? REVERSE TAKE-OVER OF ESMART HOLDINGS LIMITED ("ESMART"), A PUBLIC LIMITED COMPANY LISTED ON THE CATALIST BOARD OF SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST"), BY ATLAN VIA THE INJECTION OF ITS TWO (2) SUBSIDIARIES, NAMELY DFZ CAPITAL BERHAD ("DFZ") AND DARUL METRO SDN BHD ("DARUL METRO") ("REVERSE TAKE OVER"); AND
? MANDATORY TAKE-OVER OFFER BY ESMART TO ACQUIRE ALL THE REMAINING SHARES IN DFZ CAPITAL BERHAD ("DFZ") NOT ALREADY HELD BY ESMART AND ITS PARTIES ACTING IN CONCERT ("OFFER")
Contents: We refer to the announcement pertaining to the Reverse Take Over dated 28 June 2010.
On behalf of the Board of Directors of Atlan, AFFIN Investment Bank Berhad ("AFFIN Investment") wishes to announce that the two conditional sale and purchase agreements dated 28 June 2010 entered between Atlan and Esmart pursuant to the Reverse Take Over ("SPAs") have today, become unconditional.
Pursuant to the requirements of Part III of the Malaysian Code on Take-Overs and Mergers, 2010 ("Code"), Esmart has an obligation to undertake an unconditional take-over offer ("Offer") to acquire all the remaining 53,102,127 DFZ Shares that are not already held by Esmart and its parties acting in concert ("PACs") ("Offer Shares") representing approximately 25.29% of the issued and paid-up share capital of DFZ as at 14 December 2010, being the latest practicable date prior to this Announcement ("LPD").
Further, Atlan, being a person having an interest in the Offer pursuant to the SPAs, is the ultimate offeror for purposes of this Offer.
In relation to the Offer, Esmart, has today, through AFFIN Investment, served a Notice of Mandatory Take-over Offer dated 28 December 2010 ("Notice") notifying the Board of Directors of DFZ of Esmart's obligation to extend a mandatory take-over offer for all the remaining ordinary shares of RM1.00 each in DFZ not already owned by Esmart.
A copy of the Notice is enclosed.
Attachments: Notice Final.pdf
Submitting Merchant Bank: AFFIN INVESTMENT BANK BERHAD
Company Name: ATLAN HOLDINGS BERHAD
Stock Name: ATLAN
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: ? REVERSE TAKE-OVER OF ESMART HOLDINGS LIMITED ("ESMART"), A PUBLIC LIMITED COMPANY LISTED ON THE CATALIST BOARD OF SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST"), BY ATLAN VIA THE INJECTION OF ITS TWO (2) SUBSIDIARIES, NAMELY DFZ CAPITAL BERHAD ("DFZ") AND DARUL METRO SDN BHD ("DARUL METRO") ("REVERSE TAKE OVER"); AND
? MANDATORY TAKE-OVER OFFER BY ESMART TO ACQUIRE ALL THE REMAINING SHARES IN DFZ CAPITAL BERHAD ("DFZ") NOT ALREADY HELD BY ESMART AND ITS PARTIES ACTING IN CONCERT ("OFFER")
Contents: We refer to the announcement pertaining to the Reverse Take Over dated 28 June 2010.
On behalf of the Board of Directors of Atlan, AFFIN Investment Bank Berhad ("AFFIN Investment") wishes to announce that the two conditional sale and purchase agreements dated 28 June 2010 entered between Atlan and Esmart pursuant to the Reverse Take Over ("SPAs") have today, become unconditional.
Pursuant to the requirements of Part III of the Malaysian Code on Take-Overs and Mergers, 2010 ("Code"), Esmart has an obligation to undertake an unconditional take-over offer ("Offer") to acquire all the remaining 53,102,127 DFZ Shares that are not already held by Esmart and its parties acting in concert ("PACs") ("Offer Shares") representing approximately 25.29% of the issued and paid-up share capital of DFZ as at 14 December 2010, being the latest practicable date prior to this Announcement ("LPD").
Further, Atlan, being a person having an interest in the Offer pursuant to the SPAs, is the ultimate offeror for purposes of this Offer.
In relation to the Offer, Esmart, has today, through AFFIN Investment, served a Notice of Mandatory Take-over Offer dated 28 December 2010 ("Notice") notifying the Board of Directors of DFZ of Esmart's obligation to extend a mandatory take-over offer for all the remaining ordinary shares of RM1.00 each in DFZ not already owned by Esmart.
A copy of the Notice is enclosed.
Attachments: Notice Final.pdf
AXIS - AXIS INCORPORATION BERHAD ("AXIS") Result of the Seventh Annual General Meeting ("7th AGM")
Announcement Type: General Announcement
Company Name: AXIS INCORPORATION BERHAD
Stock Name: AXIS
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AXIS INCORPORATION BERHAD ("AXIS")
Result of the Seventh Annual General Meeting ("7th AGM")
Contents: The Board of Directors of AXIS is pleased to announce that all the resolutions set out in the Notice of the 7th AGM dated 6 December 2010, were duly passed at the 7th AGM, which was convened today.
This announcement is dated 28 December 2010.
Company Name: AXIS INCORPORATION BERHAD
Stock Name: AXIS
Date Announced: 28/12/2010
Announcement Detail:
Type: Announcement
Subject: AXIS INCORPORATION BERHAD ("AXIS")
Result of the Seventh Annual General Meeting ("7th AGM")
Contents: The Board of Directors of AXIS is pleased to announce that all the resolutions set out in the Notice of the 7th AGM dated 6 December 2010, were duly passed at the 7th AGM, which was convened today.
This announcement is dated 28 December 2010.
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