December 15, 2010

Company announcements: LBS, YTLPOWR, PERMAJU, PETRA, DOMINAN, LCL, ADVENTA, HOVID, MESB, SUNCRN

LBS - PUBLIC REPRIMAND ON LBS BINA GROUP BERHAD

Announcement Type: Listing Circular
Company Name: LBS BINA GROUP BERHAD
Stock Name: LBS
Date Announced: 15/12/2010

Announcement Detail:
Subject: PUBLIC REPRIMAND ON LBS BINA GROUP BERHAD

Contents: Breach of paragraph 9.16(1)(a) of the Listing Requirements of Bursa Malaysia Securities Berhad ("LR")

Bursa Malaysia Securities Berhad ("Bursa Securities") hereby publicly reprimands LBS Bina Group Berhad ("the Company") for breach of paragraph 9.16(1)(a) of the LR.

The Company is also required to:

(a) carry out a limited review on its quarterly report submissions. The limited review must be performed by the Company's external auditors for four quarterly reports commencing no later from the Company's quarterly report for the financial period ended 31 December 2010; and

(b) ensure all its directors and the relevant personnel of the Company attend a training programme in relation to compliance with the LR particularly pertaining to financial statements.

Pursuant to paragraph 9.16(1)(a) of the LR, a listed issuer must ensure that each announcement is factual, clear, unambiguous, accurate, succinct and contains sufficient information to enable investors to make informed investment decisions.

The Company had breached paragraph 9.16(1)(a) of the LR in respect of the Company's announcement dated 25 February 2009 on its fourth quarterly report for the financial period ended 31 December 2008 ("QR 4/2008") which failed to take into account the adjustments as stated in the Company's announcement dated 30 April 2009.

The Company had reported an unaudited profit after taxation and minority interest of RM15,422,000 in its QR 4/2008 ("Unaudited Results") as compared to an audited profit after taxation and minority interest of RM21,498,748 ("Audited Results") in its annual audited accounts for the financial year ended 31 December 2008. The difference of RM6,076,748 between the Unaudited Results and the Audited Results for the financial year ended 31 December 2008 represents a deviation of approximately 39.4% ("Deviation").

The Deviation is mainly due to the Company's omission to credit the deferred tax liabilities arising from the revaluation of land into the income statement. The public reprimand was imposed pursuant to paragraph 16.17(1) of the LR after taking into consideration all facts and circumstances of the matter and upon completion of due process.

Bursa Securities views the contravention seriously and reminds the Company and its Board of Directors on their responsibility to maintain appropriate standards of corporate responsibility and accountability in order to achieve greater disclosure and transparency to the shareholders and the investing public. In this respect, the Company and its directors are required to take all reasonable steps including putting in place or enhancing the Company's procedures and processes and review the effective implementation of the same to ensure compliance with the LR at all times.

Whilst Bursa Securities has not made a finding that any of the directors of the Company caused or permitted the aforesaid breach by the Company, Bursa Securities nevertheless wishes to highlight that it is the responsibility of directors of listed companies to maintain appropriate standards of responsibility and accountability within the Company and amongst its officers and employees including, amongst others, an awareness of the importance of compliance with the LR. The Board of Directors of the Company at the material time are as follows:-
Dato' Seri Lim Bock Seng Dato' Kamaruddin Bin Abdul Ghani Dato' Lim Hock San, Datuk Lim Hock Guan Dato' Lim Hock Sing Datuk Lim Hock Seong Chia Lok Yuen Tan Sri Dato' Seri (Dr) Haji Abu Hassan Bin Haji Omar Dato' Wong Woon Yow Maj. Jen. (B) Dato' Mohamed Isa Bin Che Kak Mohd. Fazil Bin Shafie Kong Sau Kian


YTLPOWR - Article entitled "YTL powers into Jordan" in the Star Publication 15 December 2010

Announcement Type: General Announcement
Company Name: YTL POWER INTERNATIONAL BHD
Stock Name: YTLPOWR
Date Announced: 15/12/2010

Announcement Detail:
Type: Announcement

Subject: Article entitled "YTL powers into Jordan" in the Star Publication 15 December 2010

Contents: We refer to the article entitled "YTL powers into Jordan" that was published in The Star Publication of 15 December 2010 in particular the following statements:-

"YTL Corp unit to pay US$5bil for 30% stake in Enefit's oil shale project"

"YTL would invest US$5bil to buy the 30% block in the Jordanian oil shale project, Bloomberg reported."

We wish to clarify that the USD5 billion represents the estimated project costs for both the power and the oil projects and not YTL Power's investment into the projects. The exact amount of YTL Power's investment will depend on completion of further studies on the projects and the final capital structure agreed between the shareholders and its financiers.

None of the Directors or major shareholders of the Company or persons connected with them has any interest, direct or indirect in the Acquisition.


PERMAJU - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: PERMAJU INDUSTRIES BERHAD
Stock Name: PERMAJU
Date Announced: 15/12/2010

Announcement Detail:
Date of buy back: 15/12/2010

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 35,000

Minimum price paid for each share purchased ($$): 0.380

Maximum price paid for each share purchased ($$): 0.380

Total consideration paid ($$): 13,397.79

Number of shares purchased retained in treasury (units): 35,000

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

Cumulative net outstanding treasury shares as at to-date (units): 5,655,700

Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%): 2.89


PETRA - General Announcement

Announcement Type: General Announcement
Company Name: PETRA PERDANA BERHAD
Stock Name: PETRA
Date Announced: 15/12/2010

Announcement Detail:
Type: Announcement

Subject: Petra Perdana Berhad ("PPB" or the "Company")
- Monthly Announcement on the status of the utilisation of proceeds from Rights Issue

Contents: We refer to the announcement dated 30 September 2010 in relation to, amongst others, the registration of the Abridged Prospectus with the Securities Commission ("SC") for the Rights Issue.

In the letter from SC dated 30 September 2010 for the registration of the Abridged Prospectus, the SC had imposed a condition that PPB is required to make monthly announcements on the status of the utilisation of proceeds from the Rights Issue and the proceeds utilised for working capital must also be verified by external auditors, until full utilisation of the said proceeds. The Rights Issue was completed on 1 November 2010 where the Company has raised total proceeds of RM72.43 million.

In compliance with the SC's condition, the Company is pleased to announce the status of the utilisation of the proceeds from the Rights Issue for the period ended 30 November 2010 as set out in Table 1 attached.

This announcement is dated 15 December 2010.

Attachments: Table 1.pdf


DOMINAN - Corporate Guarantee to Supplier of Subsidiary Company

Announcement Type: General Announcement
Company Name: DOMINANT ENTERPRISE BERHAD
Stock Name: DOMINAN
Date Announced: 15/12/2010

Announcement Detail:
Type: Announcement

Subject: Corporate Guarantee to Supplier of Subsidiary Company

Contents: The Board of Directors of Dominant Enterprise Berhad ('DOMINAN') wishes to announce that two (2) Corporate Guarantees totaling RM400,000 (Ringgit Malaysia : Four Hundred Thousand Only) has been executed in favour of the following supplier of DOMINAN's wholly-owned subsidiary, Jurihan Sdn. Bhd. ('JURIHAN') for the credit given for supply of goods to JURIHAN :


LCL - PN17-SUSPENSION AND DE-LISTING

Announcement Type: Listing Circular
Company Name: LCL CORPORATION BERHAD
Stock Name: LCL
Date Announced: 15/12/2010

Announcement Detail:
Subject: PN17-SUSPENSION AND DE-LISTING

Contents: LCL Corporation Berhad ("LCL" or "the Company") has failed to submit its regularisation plan to the Securities Commission or Bursa Malaysia Securities Berhad ("Bursa Securities") for approval within the timeframe stipulated under paragraph 8.04(3)(a)(i) of Bursa Securities Main Market Listing Requirements ("Main Market LR").

In the circumstances and pursuant to paragraph 8.04(5) of the Main Market LR:-

(a) the trading in the securities of the Company will be suspended with effect from 23 December 2010; and (b) the securities of the Company will be de-listed on 27 December 2010 unless an appeal is submitted to Bursa Securities on or before 22 December 2010 ("the Appeal Timeframe").
Any appeal submitted after the Appeal Timeframe will not be considered by Bursa Securities.
In the event the Company submits an appeal to Bursa Securities within the Appeal Timeframe, the removal of the securities of the Company from the Official List of Bursa Securities on 27 December 2010 shall be deferred pending the decision on the Company's appeal.

With respect to the securities of the Company which are currently deposited with Bursa Malaysia Depository Sdn Bhd ("Bursa Depository"), the securities may remain deposited with Bursa Depository notwithstanding the de-listing of the securities from the Official List of Bursa Securities. It is not mandatory for the securities of a company which has been de-listed to be withdrawn from Bursa Depository.

Alternatively, shareholders of the Company who intend to hold their securities in the form of physical certificates, can withdraw these securities from their Central Depository System (CDS) accounts maintained with Bursa Depository at anytime after the securities of the Company have been de-listed from the Official List of Bursa Securities. This can be effected by the shareholders submitting an application form for withdrawal in accordance with the procedures prescribed by Bursa Depository. These shareholders can contact any Participating Organisation of Bursa Securities and/or Bursa Securities' General Line at 03-2034 7000 for further information on the withdrawal procedures.

Upon the de-listing of the Company, the Company will continue to exist but as an unlisted entity. The Company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the Company's performance. However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities.


ADVENTA - General Announcement

Announcement Type: General Announcement
Company Name: ADVENTA BERHAD
Stock Name: ADVENTA
Date Announced: 15/12/2010

Announcement Detail:
Type: Announcement

Subject: ADVENTA BERHAD ("ADVENTA" OR "THE COMPANY")
- DISPOSAL OF SHARES IN SUBSIDIARY, SUIZZE HEALTH LIMITED

Contents: Pursuant to Paragraph 9.19(24) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Adventa wishes to announce that it had on 15 December 2010 disposed the entire shares in Suizze Health Limited ("Suizze Health"), representing 100% of the paid-up capital in Suizze Health (Company No. 947155) at a total consideration of HK$10,000.00 (the "Disposal"). The Disposal has resulted in Suizze Health ceasing to become a subsidiary of Adventa.

Suizze Health was incorporated in Hong Kong on 21 January 2005 with a paid-up capital of HK$10,000.00 at HK$1.00 per share. Suizze Health has been dormant since its incorporation.

The Disposal is part of the Group's internal restructuring.

The Disposal will neither have any effect on the share capital and substantial shareholding of Adventa nor have any material effect on the earnings, net assets or gearing of Adventa Group for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the above disposal.

The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of Adventa Group.

This announcement is dated 15 December 2010.


HOVID - HOVID BERHAD ("HOVID" or "the Company") Thirtieth Annual General Meeting

Announcement Type: General Announcement
Company Name: HOVID BERHAD
Stock Name: HOVID
Date Announced: 15/12/2010

Announcement Detail:
Type: Announcement

Subject: HOVID BERHAD ("HOVID" or "the Company")
Thirtieth Annual General Meeting

Contents: Hovid wishes to announce that at the Thirtieth Annual General Meeting ("30th AGM") held today, 15 December 2010, all the resolutions as set out in the Notice of 30th AGM dated 23 November 2010, have been duly approved by the shareholders of the Company.

(This announcement is dated 15 December 2010)


MESB - General Announcement

Announcement Type: General Announcement
Company Name: MESB BERHAD
Stock Name: MESB
Date Announced: 15/12/2010

Announcement Detail:
Type: Announcement

Subject: MESB BERHAD ("MESB" OR "THE COMPANY")
APPOINTMENT OF INDEPENDENT ADVISER FOR THE CONDITIONAL TAKE-OVER OFFER BY TEOH HWA PENG ("OFFER")

Contents: Further to the Company's announcements made on 26 Novemeber 2010, 29 November 2010 and 2 December 2010, the Company wishes to announce that the Securities Commission has via its letter dated 15 December 2010 approved the appointment of TA Securities Holdings Berhad as the Independent Adviser to advise the non-interested directors and non-interested shareholders of MESB in relation to the Offer.

This announcement is dated 15 December 2010.


SUNCRN - Notice of Shares Buy Back - Immediate Announcement

Announcement Type: Notice of Shares Buy Back - Immediate Announcement
Company Name: SUNCHIRIN INDUSTRIES (MALAYSIA) BERHAD
Stock Name: SUNCRN
Date Announced: 15/12/2010

Announcement Detail:
Date of buy back: 15/12/2010

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

Currency: Malaysian Ringgit (MYR)

Total number of shares purchased (units): 21,000

Minimum price paid for each share purchased ($$): 1.850

Maximum price paid for each share purchased ($$): 1.870

Total consideration paid ($$): 39,346.08

Number of shares purchased retained in treasury (units): 21,000

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

Cumulative net outstanding treasury shares as at to-date (units): 1,773,700

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 (%): 4.33



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