December 20, 2010

Company announcements: KEN, AXIS, DAIBOCI, GFB, LBICAP, EKOVEST, MTD, BERTAM

KEN - 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: KEN HOLDINGS BERHAD
Stock Name: KEN
Date Announced: 20/12/2010

Announcement Detail:
Date of buy back from: 10/12/2010

Date of buy back to: 10/12/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 133,500

Minimum price paid for each share purchased ($$): 0.950

Maximum price paid for each share purchased ($$): 0.965

Total amount paid for shares purchased ($$): 128,778.90

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

Number of shares purchased retained in treasury (units): 133,500

Total number of shares retained in treasury (units): 3,504,300

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

Total issued capital as diminished: 0

Date lodged with registrar of companies: 20/12/2010

Lodged by: T & S Secretarial Services Sdn. Bhd.


AXIS - General Announcement

Announcement Type: General Announcement
Company Name: AXIS INCORPORATION BERHAD
Stock Name: AXIS
Date Announced: 20/12/2010

Announcement Detail:
Type: Announcement

Subject: AXIS INCORPORATION BERHAD ("Axis or "the Company")
- Approval from Corporate Debt Restructuring Committee ("CDRC") on extension of time to enter into Debt Restructuring Agreement ("DRA")

Contents: The Board of Directors of Axis wishes to announce that Corporate Debt Restructuring Committee ("CDRC") had via its letter dated 17 December 2010 informed that Axis has been granted an extension of time for the execution of the Debt Restructuring Agreement with its major lenders until 31 January 2011.

This announcement is made on 20 December 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: 20/12/2010

Announcement Detail:
Date of buy back: 20/12/2010

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 22,700

Minimum price paid for each share purchased ($$): 2.460

Maximum price paid for each share purchased ($$): 2.500

Total consideration paid ($$): 56,876.70

Number of shares purchased retained in treasury (units): 22,700

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

Cumulative net outstanding treasury shares as at to-date (units): 593,900

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 (%): 0.78


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: 20/12/2010

Announcement Detail:
Date of buy back: 20/12/2010

Description of shares purchased: Ordinary Shares of RM1 Each

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 ($$): 1.370

Total consideration paid ($$): 19,280.59

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): 2,034,600

Adjusted issued capital after cancellation (no. of shares) (units): 56,616,106

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 3.59

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

This announcement is dated 20/12/2010.


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: 20/12/2010

Announcement Detail:
Date of buy back from: 08/12/2010

Date of buy back to: 17/12/2010

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 74,000

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

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

Total amount paid for shares purchased ($$): 102,414.55

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

Number of shares purchased retained in treasury (units): 74,000

Total number of shares retained in treasury (units): 2,020,600

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

Total issued capital as diminished: 56,616,106

Date lodged with registrar of companies: 20/12/2010

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 20/12/2010.


LBICAP - General Announcement

Announcement Type: General Announcement
Company Name: LBI CAPITAL BERHAD
Stock Name: LBICAP
Date Announced: 20/12/2010

Announcement Detail:
Type: Announcement

Subject: Proposed Acquisition of Land From Yap Geok Kee Sdn. Bhd. for a consideration of RM15,000,000-00 ("Proposed Acquisition")

Contents: Further to the Company's announcement on 15 December 2010 on the Proposed Acquisition of land from Yap Geok Kee Sdn. Bhd. for a consideration of RM15,000,000-00 ("Proposed Acquisition") and the letter from Bursa Securities dated 17 December 2010, the Company hereby announce that:-

1. The source of funds of RM15 million comprises of RM5 million internally generated funds and RM10 million bank borrowings.

2. The proposed acquisition has no effect on the net assets per share of LBI whereas the gearing ratio as a result of the proposed acquisition is increased from 0.04 to 0.18.

3. There are no liabilities to be assumed by LBI.

4. Subject to the relevant authorities' approval, the said land would be developed into a lifestyle commercial retails with open concept mall and service suites. In view of its' central location in a tourism belt, the prospect of such development is promising. Lack of such development in the surrounding area would make these products marketable.

5. Valuation will be carried out on the land for financing purposes.

6. The acquisition of the land will be free from encumbrances.

7. The land is intended to be developed and the development potential and types are subject to the relevant government authorities' approval. The total development cost is unavailable at the moment. The funding requirement for development would be procured via bridging financing and internal generated funds. The Company is yet to obtain relevant approvals for the development.


EKOVEST - TWENTY-FIFTH ANNUAL GENERAL MEETING

Announcement Type: General Announcement
Company Name: EKOVEST BERHAD
Stock Name: EKOVEST
Date Announced: 20/12/2010

Announcement Detail:
Type: Announcement

Subject: TWENTY-FIFTH ANNUAL GENERAL MEETING

Contents: We have pleasure to inform that all the resolutions tabled at the Twenty-Fifth Annual General Meeting of the Company held at Grand Seasons Hotel, 72 Jalan Pahang, 53000 Kuala Lumpur on 20 December 2010 have been duly approved by the shareholders of the Company.


MTD - General Announcement

Announcement Type: General Announcement
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 20/12/2010

Announcement Detail:
Type: Announcement

Subject: MTD CAPITAL BHD ("MTD" OR "COMPANY")
- CONDITIONAL TAKE-OVER OFFER BY NIKVEST SDN BHD, ALLOY CONSOLIDATED SDN BHD, ALLOY CONCRETE ENGINEERING SDN BHD, ALLOY CAPITAL SDN BHD (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS") THROUGH MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB") TO ACQUIRE ALL OF THE EXISTING ISSUED AND PAID-UP ORDINARY SHARES OF RM1.00 EACH IN MTD NOT ALREADY HELD BY THE JOINT OFFERORS ("OFFER")

Contents: MTD wishes to announce that the Company received the attached press release today from Maybank IB on behalf of the Joint Offerors in relation to the Offer.

This announcement is dated 20 December 2010.

Attachments: Notice of Conditional Take-Over Offer (20dec2010).pdf
Press release (20 Dec 2010).pdf


MTD - General Announcement

Announcement Type: General Announcement
Company Name: MTD CAPITAL BHD
Stock Name: MTD
Date Announced: 20/12/2010

Announcement Detail:
Type: Announcement

Subject: MTD CAPITAL BHD ("MTD" OR "COMPANY")
- RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER FROM MAYBANK INVESTMENT BANK BERHAD ("MAYBANK IB") ON BEHALF OF NIKVEST SDN BHD, ALLOY CONSOLIDATED SDN BHD, ALLOY CONCRETE ENGINEERING SDN BHD AND ALLOY CAPITAL SDN BHD (COLLECTIVELY REFERRED TO AS THE "JOINT OFFERORS")

Contents: The Board of Directors of MTD ("Board") hereby announces that the Company has today received a notice of conditional take-over offer from Maybank IB, on behalf of the Joint Offerors, to acquire all of the existing issued and paid-up ordinary shares of RM1.00 each in MTD not already held by the Joint Offerors ("Offer Shares") for a cash offer price of RM9.50 per Offer Share ("Notice").

The Board has deliberated on the Notice and does not intend to seek an alternative person to make a take-over offer for the Offer Shares.

A PDF copy of the Notice is enclosed herewith. Copies of the Notice will also be posted to all the holders of the Offer Shares within seven (7) days from today.

This announcement is dated 20 December 2010.

Attachments: Notice of Conditional Take-Over Offer (20dec2010).pdf


BERTAM - General Announcement

Announcement Type: General Announcement
Company Name: BERTAM ALLIANCE BERHAD
Stock Name: BERTAM
Date Announced: 20/12/2010

Announcement Detail:
Type: Announcement

Subject: BERTAM ALLIANCE BERHAD ("BERTAM" or "the Company")
(1) Disposal of 300,000 ordinary shares and 540,000 Preference Shares in Cabaran Subang Sdn. Bhd. to Koperasi Pendidikan Islam Malaysia Berhad at the total cash consideration of RM5.82 million; and
(2) Disposal of 250,000 ordinary shares and 450,000 Preference Shares in Cabaran Subang Sdn. Bhd. to Peak Landmark Sdn. Bhd. at the total cash consideration of RM4.85 million.
("Disposal")

Contents: Further to the Company's announcement made on 30 April 2010 and 3 May 2010 pertaining to the disposal of shares in Cabaran Subang Sdn. Bhd. ("Sale Shares"), the Board of Directors wishes to announce that the Company had on 20 December 2010 entered into the Supplemental Agreements ("SA") to the Share Sale Agreements ("SSA") dated 30 April 2010 with Koperasi Pendidikan Islam Malaysia Berhad and Peak Landmark Sdn. Bhd. ("collectively known as "Purchasers") to vary the terms and conditions of the SSA.

Pursuant to the SA, both parties have agreed that arising from the variation to certain conditions set out in the SSA, the Disposal shall be deemed to be completed as at the date of the SA and any sum due and payable by the Purchasers to the Company shall be a debt owing by the Purchasers to the Company.

As at the date of the SA, the balance of the purchase consideration due and payable by the Purchasers is RM4.36 million which is expected to be paid on or before 30 April 2011 as against the total purchase consideration of RM10.67 million.



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